The investment structure of the Abu Dhabi ruling family (the Private Department of Sheikh Mohammed bin Khalid Al Nahyan) is investing $1.13 billion in LNG producer MidOcean Energy LLC. This is reported in the EIG press release.
In addition, Private Department and the American investment company EIG, as the founder of MidOcean Energy LLC, have entered into a partnership agreement to develop energy and infrastructure investment opportunities in the UAE and regional markets.
Financing MidOcean is the Private Department's first investment in the LNG sector amid rising demand for renewable fuels as part of the transition to clean energy and the creation of data centers.
MidOcean, with the support of Saudi Aramco, is negotiating the acquisition of an LNG facility in Argentina in addition to assets in Australia, Peru and Canada.
Private Department is the investment structure of the Abu Dhabi ruling family in the oil and gas sector and in the construction of residential/commercial buildings and shopping malls.
MidOcean Energy LLC is an LNG producer founded by the investment company EIG (Energy Infrastructure Group) to form a diversified portfolio of LNG projects. The headquarters is located in Washington, DC, with offices in London, Sydney, Rio de Janeiro, Hong Kong and Seoul. The company owns stakes in gas export plants in Australia, Peru and Canada.
Read our Telegram channel "Mergers and Acquisitions. AK&M».
Our channel at MAX is "Mergers and Acquisitions. AK&M».
