EIG-backed MidOcean Energy completed the acquisition of a 20% stake in Peru LNG from SK Earthon for $256m.

EIG-backed MidOcean Energy, an LNG company,completed the acquisition of a 20% stake in Peru LNG, a natural gas liquefaction company, from SK Earthon, a refining company, for $256m. “The completion of this investment is an important milestone in our efforts to create a global, diversified and resilient portfolio of LNG assets. As the only LNG export facility in South America, PLNG is uniquely positioned in the global marketplace. PLNG also plays an important role in providing gas and LNG to customers in Peru. We look forward to a strong partnership with the PLNG co-venturers and our work towards sustaining PLNG’s positive impact for many years to come," De la Rey Venter, MidOcean Energy CEO.