MidOcean Energy, formed and managed by EIG, acquire a 20% interest in PETRONAS' key Canadian entities, including the North Montney Upstream Joint Venture and a 25% participating interest in the LNG Canada Project. The deal provides MidOcean with an integrated position across upstream resource development and downstream liquefaction, securing 0.7 MTPA of associated LNG volume with potential growth through LNG Canada Phase 2.
MidOcean Energy Acquires 20% Interest in PETRONAS Canada LNG Assets
Acquirer
MidOcean Energy
→
Target
PETRONAS' North Montney Upstream Joint Venture and North Montney LNG Limited Partnership
2025
Year
🇨🇦 Canada
Country
Stake Purchase
Deal Type
Deal Value
Sector
LNG
Industry
Natural Gas & NGL
Date Added
Jun 29, 2026
Status
Completed
🔒
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