n n n ‘. concat(e. i18n. t(“search. voice. recognition_retry”),’n
EIG’s LNG company, MidOcean Energy, announced an investment from Mitsubishi Corp on April 1 to boost MidOcean’s global portfolio. Details of Mitsubishi’s investment were revealed.
Mitsubishi, which has been active in the LNG business for more than 50 years, has stated its goal of achieving a carbon-neutral society while also meeting the conversion energy desires of its customers.
“Welcoming a heavyweight like Mitsubishi Corp. as a lead investor and strategic partner accelerates MidOcean’s progress in building a large-scale global LNG company,” said R. Blair Thomas, President and Chief Executive Officer of EIG in a press release. .
Thomas said that the desires of the global energy transition are contributing to global demand for LNG and that this investment is a “significant” opportunity for MidOcean.
MidOcean recently acquired 3 Australian LNG holdings from Tokyo Gas.