MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, has announced a $120 million equity investment from The Arab Energy Fund (TAEF), a leading multilateral impact financial institution, as part of its current equity capital raise.
TAEF’s investment further strengthens MidOcean’s high-quality investor base and underscores continued strong interest in the Company’s strategy to build a diversified, resilient and long-life global LNG business.
There is significant further momentum from additional investors currently in documentation, and MidOcean will continue to raise capital, with a cumulative target of up to $2 billion from new investors.
