EIG-backed MidOcean Energy completed the acquisition of an additional 15% stake in Peru LNG from Hunt Oil.

EIG-backed MidOcean Energy, an LNG company, completed the acquisition of an additional 15% stake in Peru LNG, a natural gas liquefaction company, from Hunt Oil, an independent oil and gas company. Financial terms were not disclosed. “We are pleased to increase our stake in PLNG, a strategic asset that aligns with MidOcean’s vision of creating a global, diversified, and resilient LNG portfolio. Our belief in the long-term fundamentals of the LNG market and in the strength of PLNG’s unique position as the only LNG export facility in South America remains steadfast. We look forward to strengthening our partnership with Hunt Oil and the other PLNG co-venturers and continuing to support the project’s positive impact on the Peruvian energy market," De la Rey Venter, MidOcean CEO.