MidOcean Energy, an LNG company formed and managed by EIG, an institutional investor in the global energy and infrastructure sectors, has announced the completion of its previously announced agreement to acquire Tokyo Gas Co.’s interests in a portfolio of Australian integrated LNG projects.
The acquisition includes Tokyo Gas’ interests in the Gorgon LNG, Pluto LNG and Queensland Curtis LNG projects. The portfolio benefits from experienced operators, including Chevron, Woodside and Shell and spans the LNG value chain from upstream operations to midstream, liquefaction and sales.
As part of the transaction, MidOcean will open an office in Perth, Australia, to support and oversee the projects.
Blair Thomas, EIG’s chairman and CEO, said, “We are strong believers in the role of LNG as a key enabler of the energy transition and have formed MidOcean to provide partners and investors differentiated exposure to the asset class. With these foundational assets, Mid