KUALA LUMPUR: MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, has completed the acquisition of a 20% interest in Petroliam Nasional Bhd’s (PETRONAS) key entities in Canada.
The transaction includes a 20% stake in the North Montney Upstream Joint Venture, which holds PETRONAS’ upstream investment in Canada, and a 20% interest in the North Montney LNG Limited Partnership or NMLLP, which holds PETRONAS’ 25% participating interest in the LNG Canada Project.
This strategic investment positions MidOcean across the LNG value chain, securing upstream resources and downstream liquefaction. — Bernama
