LONDON, Oct 1 (Bernama-BUSINESS WIRE) — MidOcean Energy (“MidOcean”), a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced it has entered into definitive agreements to acquire a 20% interest in PETRONAS’ key entities in Canada.
The transaction includes a 20% interest in the North Montney Upstream Joint Venture (“NMJV”), which hold PETRONAS’ upstream investment in Canada, and a 20% interest in the North Montney LNG Limited Partnership (“NMLLP”), which holds PETRONAS’ 25% participating interest in the LNG Canada Project.