MidOcean Buys Stake in Australian LNG Projects From Japan’s Jera

MidOcean Energy LP will acquire Jera Co.’s interests in Australia’s Gorgon and Ichthys liquefied natural gas export projects.

The transaction would raise MidOcean’s stake in Gorgon LNG to 1.417% and includes Jera’s 0.735% stake in Ichthys LNG. The US-based company’s purchase from the Australian arm of Japan’s largest power generator is subject to government approvals and other contractual conditions, Jera said in a statement. MidOcean is managed by private equity firm EIG Global Energy Partners.