MidOcean Energy acquires additional stakes in Australian Gorgon and Ichthys LNG projects from JERA

MidOcean Energy, backed by EIG, has agreed to acquire additional stakes in the Chevron-operated Gorgon LNG project (0.417%) and the Inpex-operated Ichthys LNG project (0.735%) from Japan's JERA. This transaction, valued at under $500 million, increases MidOcean's stake in Gorgon to 1.417% and strengthens its footprint in the Asia-Pacific gas market. The deal advances MidOcean's strategy to build a globally diversified LNG company anchored by high-quality assets.

Counterparts (5)

Buyer

MidOcean Energy

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MidOcean Energy is Brookfield's LNG (Liquefied Natural Gas) company. It focuses on investing in LNG assets globally to help with the energy transition.

Sell-Side Advisor

JPMorgan

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JPMorgan Chase & Co. is a global financial services firm providing investment banking, asset management, and commercial banking services. Through its J.P. Morgan Asset Management division, it invests directly in infrastructure assets across digital, transport, and energy transition sectors globally, managing trillions in assets.

Buy-Side Advisor

UBS

company · 1 deals

UBS is a global wealth manager and the leading universal bank in Switzerland, enhanced by focused and competitive investment bank and asset management capabilities. They provide financial advice, solutions and products to clients to help them achieve their goals.

Seller

JERA

company

JERA is a global energy company and one of the world's largest power generation companies and LNG buyers, operating approximately 67 GW of power generation assets globally. It focuses on thermal power, LNG procurement, and expanding its renewable energy portfolio and green fuels across Asia, North America, and Europe.

Buy-Side Legal

W

White & Case

company