TOKYO, April 2 (Reuters) - Japanese trading house
Mitsubishi ( MSBHF ) has agreed to invest in MidOcean Energy, a
liquefied natural gas (LNG) company owned by U.S. investment
firm EIG, MidOcean said on Tuesday without giving details of the
deal.
The investment by Mitsubishi ( MSBHF ), an active player in the LNG
sector for over 50 years, will accelerate MidOcean's strategy to
create a diversified, global, pure-play LNG company, it said.
The move deepens MidOcean's blue-chip investor base and
builds on the company's significant momentum since launching in
late 2022.
Mitsubishi ( MSBHF ) in Tokyo declined to give any further details of
the deal.
Saudi Aramco Chief Executive Amin Nasser said last
month that it may partner with MidOcean Energy to invest in LNG
projects outside of Australia, having agreed last year to take a
strategic minority stake in the company.
Last week, MidOcean announced the close of its acquisition
of a portfolio of Australian LNG projects, including Gorgon LNG,
Pluto LNG and Queensland Curtis LNG, from Japan's biggest city
gas provider Tokyo Gas ( TKGSF ).
"We are thrilled to have Mitsubishi ( MSBHF ) join as an anchor
investor," MidOcean Energys CEO De la Rey Venter said in the
statement.
"Their investment is a testament to the strong fundamentals
of the LNG market and MidOceans strategy to create a competitive
long-term growth platform in LNG for its investors."