MidOcean Energy, a global LNG company formed and managed by EIG, an institutional investor in the global energy and infrastructure sectors, has announced a strategic investment by Mitsubishi Corp. Financial terms were not disclosed.
Mitsubishi Corp has been an active player in the LNG sector for more than 50 years, with investments spanning 12 projects across eight countries. MidOcean Energy said Mitsubishi’s investment will accelerate its strategy to create a high-quality, diversified global “pure-play” integrated LNG company.
This investment deepens MidOcean’s blue-chip investor base and builds on MidOcean’s significant momentum since launching in late 2022. It also follows on the heels of MidOcean’s acquisition of a portfolio of Australian LNG projects from Tokyo Gas in late March.
“Welcoming an industry heavyweight such as Mitsub