MidOcean Energy to acquire a 20% stake in North Montney Upstream Joint Venture and North Montney LNG Limited Partnership from PETRONAS.

MidOcean Energy, a liquefied natural gas company formed and managed by EIG, agreed to acquire a 20% stake in North Montney Upstream Joint Venture and North Montney LNG Limited Partnership from PETRONAS, a global energy group. Financial terms were not disclosed. “This transaction marks an important milestone in MidOcean’s growth journey. We are proud to join PETRONAS in its efforts to deliver reliable, low-cost LNG to global markets. Our participation further strengthens MidOcean’s portfolio, secures meaningful LNG offtake, and reinforces our commitment to building a diversified and resilient LNG business for the decades ahead,” R. Blair Thomas, MidOcean Chairman and EIG CEO.