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EIG’s LNG company MidOcean Energy announced April 1 an investment from Mitsubishi Corp. to accelerate MidOcean’s global portfolio. Details about Mitsubishi’s investment were not disclosed.
Mitsubishi, which has been active in the LNG sector for over 50 years, said it aims to achieve a carbon-neutral society while meeting evolving energy needs of its customers.
“Welcoming an industry heavyweight such as Mitsubishi Corp. as an anchor investor and strategic partner accelerates MidOcean’s progress in creating a large-scale, pure play global LNG company,” said R. Blair Thomas, EIG’s chairman and CEO in a press release.
Thomas said that global energy transition needs are rapidly contributing to global LNG demand and this investment is an “important” opportunity for MidOcean.
MidOcean also recently acquired three Australian LNG interests from Tokyo Gas.
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