MidOcean Energy, managed by EIG, a major institutional investor in energy and infrastructure, has secured a strategic investment from Mitsubishi Corporation. This move aims to propel MidOcean’s mission to become a premier global LNG enterprise.
Reinforcing Commitment to LNG
With over 50 years of experience in LNG ventures across eight nations, Mitsubishi Corporation’s investment signifies its enduring commitment to LNG as a vital component of the energy transition. The collaboration aligns with Mitsubishi’s aspirations for carbon neutrality and its dedication to catering to evolving customer demands while ensuring energy stability.
Strategic Advancements and Growth Prospects
This investment strengthens MidOcean Energy’s investor base, bolstering its recent momentum following the acquisition of Australian LNG projects from Tokyo Gas. De la Rey Venter, CEO of MidOcean Energy, hailed Mitsubishi Corporation’s participation as a validation of their LNG strategy’s robustness and long-term growth potential.
EIG’s Vision and Industry Leadership
R. Blair Thomas, Chairman and CEO of EIG, emphasized Mitsubishi Corporation’s role in advancing MidOcean’s journey towards becoming a dominant force in the global LNG arena. With burgeoning demand for LNG amid the energy transition, EIG envisions significant growth opportunities, underpinned by strategic partnerships and investor confidence.
About EIG and MidOcean Energy
EIG, a renowned institutional investor with a focus on energy and infrastructure, manages assets worth $22.9 billion. With a global footprint spanning 42 countries, EIG’s expertise lies in private investments in energy and related infrastructure. MidOcean Energy, under EIG’s management, aims to build a diversified and resilient LNG portfolio, recognizing LNG’s pivotal role in the energy transition.
This strategic alliance between Mitsubishi Corporation, EIG, and MidOcean Energy signals a pivotal moment in the LNG sector, driving forward momentum towards sustainable energy solutions on a global scale.
Source：businesswire.com
