Operating Company Energy

MidOcean Energy

Washington, District of Columbia, United States

MidOcean Energy is an LNG company formed by EIG to build a diversified, resilient, cost- and carbon-competitive LNG portfolio, with an emphasis on LNG as an enabler of the energy transition and a geopolitically strategic fuel.

Focus Areas
Liquefied natural gas (LNG) production, Integrated LNG projects, LNG regasification and storage (natural gas infrastructure)

Tracked deals

3

3 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

3 buyout

MidOcean Energy Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for MidOcean Energy. 1 2021 1 2022 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    MidOcean Energy
    Target
    JERA Gorgon Pty Ltd
    Seller
    JERA Co., Inc.
    Industry
    Energy
    Location
    District of Columbia, United States
    Type
    Buyout

    MidOcean Energy, formed and managed by EIG, entered into definitive agreements to acquire JERA Gorgon Pty Ltd, which holds JERA’s 0.417% interest in the Gorgon LNG project, increasing MidOcean’s stake to 1.417%. The deal also includes JERA’s 0.735% interest in the Ichthys LNG project, which is expected to be transferred to an existing Ichthys joint venture participant after sale to MidOcean, subject to conditions precedent.

  • Buyer
    EIG, Fluxys
    Target
    GNL Quintero S.A.
    Seller
    Enagas Chile SpA, affiliates of OMERS Infrastructure
    Industry
    Infrastructure
    Location
    Chile
    Type
    Buyout

    EIG, an energy and infrastructure institutional investor, and Fluxys, an energy infrastructure operator, announced they will jointly acquire an 80% equity stake in GNL Quintero S.A. from Enagas Chile SpA and affiliates of OMERS Infrastructure. The acquisition is expected to close in the second half of 2022, subject to customary regulatory approvals.

  • Buyer
    EIG
    Target
    Australia Pacific LNG Pty Limited (APLNG)
    Seller
    Origin Energy Limited (Origin)
    Industry
    Energy
    Location
    Queensland, Australia
    Type
    Buyout

    EIG entered into a definitive agreement to acquire a 10% equity interest in Australia Pacific LNG Pty Limited (APLNG) from Origin Energy for an equity purchase price of $1.592 billion. The transaction is described as a first-of-its-kind private equity sponsor acquisition of interest in an operational integrated LNG project and is subject to customary completion conditions.

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