MidOcean Energy acquires JERA's Gorgon, Ichthys LNG stakes

EIG Global Energy Partners===MidOcean Energy, an LNG company managed by EIG Global Energy Partners, has entered into definitive agreements with JERA to acquire JERA's 0.417% interest in the Gorgon LNG project and 0.735% interest in the Inpex===Ichthys LNG project. This acquisition will increase EIG Global Energy Partners===MidOcean Energy's stake in Chevron Corporation===Gorgon LNG Project to 1.417%. The Inpex===Ichthys LNG project interest will subsequently be transferred to an existing joint venture participant. This move aligns with EIG Global Energy Partners===MidOcean Energy's strategy to build a scaled, globally diversified LNG company and enhances its exposure to high-quality producing assets. JERA is divesting these interests as part of its portfolio optimization and aims to rebalance its supply mix. Both EIG Global Energy Partners===MidOcean Energy and JERA are also exploring future collaborations and opportunities to form a strategic alliance across the LNG value chain. The transaction is expected to close in the first half of 2026, subject to regulatory approvals. UBS and White & Case advised EIG Global Energy Partners===MidOcean Energy, while JPMorgan Chase advised JERA.