EIG Global Energy Partners-backed MidOcean Energy completed the acquisition of the liquefied natural gas investments of Tokyo Gas for $2.15bn.

EIG Global Energy Partners-backed MidOcean Energy, a natural gas firm, completed the acquisition of the liquefied natural gas investments of Tokyo Gas, a provider of natural gas, for $2.15bn. “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, MidOcean has entered key projects and markets in Asia, which form the center of gravity of the global LNG business. De la Rey and team have an ambitious growth strategy that is expected to build on this foundation and expand geographically. Our focus on integrated projects is central to the strategy and affords MidOcean the opportunity to capture value across the full LNG value chain,” R. Blair Thomas, EIG Chairman and CEO.