Petronas' 20pct Canadian Stake Sale Sets Stage for Fresh LNG Alliances

MidOcean acquires 20% in PETRONAS Canadian LNG assets

KUALA LUMPUR: MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, has entered into definitive agreements to acquire a 20 per cent interest in key Canadian energy assets owned by PETRONAS, Malaysia's state-owned energy giant.

Petronas' 20pct Canadian stake sale sets stage for fresh LNG alliances

KUALA LUMPUR: Malaysia’s national oil giant, Petroliam Nasional Bhd (Petronas), has inked a landmark deal to sell a 20 per cent stake in its Canadian subsidiaries to MidOcean Energy, an LNG player backed by global investment powerhouse EIG.

EIG's MidOcean Energy to Acquire Interest in LNG Canada from PETRONAS

LONDON -- 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.

MidOcean Energy to purchase stake in Petronas' North Montney assets – Energeticcity.ca

MidOcean Energy is buying a 20 per cent stake in Petronas’ Canadian operations. (Canva) FORT ST. JOHN, B.C. — An international liquified natural gas (LNG) company is dipping its toes into the Canadian market by purchasing a stake in Petronas’ operations. According to a press release, MidOcean Energy — an LNG company owned by American investment firm EIG Partners — has entered into an agreement with Petronas to buy a 20 per cent stake in its “key…

MidOcean Energy to acquire interest in LNG Canada from PETRONAS

EIG’s MidOcean Energy has entered into definitive agreements to acquire a 20% interest in PETRONAS’ key entities in Canada.

Aramco-backed MidOcean to buy stake in LNG Canada

Deal expected to close in Q4 Includes North Montney assets Price reportedly over $3 billion Saudi Aramco-backed LNG producer MidOcean has agreed to acquire stakes in Malaysian state energy major Petronas’s key entities in Canada. The deal includes a 20 percent interest in Petronas’s assets in North Montney Upstream and a 20 percent interest in North Montney LNG, which holds Petronas’s 25 percent interest in the LNG Canada project, MidOcean said …