Idemitsu Kosan announced a $500 million investment in MidOcean Energy, a UK-based LNG-focused company managed by EIG, to enter the global liquefied natural gas market. The deal, expected to close in March 2026 pending regulatory approvals, provides Idemitsu access to MidOcean's portfolio including stakes in key LNG projects like LNG Canada, Gorgon LNG, and Peru LNG. This investment aligns with Idemitsu's long-term strategy to diversify its energy portfolio and support decarbonization trends in the sector.