EIG's MidOcean Energy to Acquire Additional Gorgon LNG Interest from JERA; Parties Explore Strategic Alliance [Yahoo! Finance]
INPEX CORP UNSP/ADR (IPXHY)
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Source: Yahoo! Finance
Adds incremental uncontracted LNG volumes, enhancing portfolio optimization and marketing flexibility Planning future collaborations, exploring further transactions and opportunities with JERA across other assets globally with the aim of creating a future strategic alliance WASHINGTON, March 12, 2026 BUSINESS WIRE )--MidOcean Energy ("MidOcean"), a liquefied natural gas (LNG) company formed and managed by EIG, today announced it has entered into definitive agreements with JERA Co., Inc. ("JERA") to acquire JERA Gorgon Pty Ltd, which holds JERA's 0.417% interest in the Gorgon LNG project. MidOcean is an existing participant in the Gorgon LNG project, and this transaction increases MidOcean's interest in Gorgon to 1.417%. The transaction perimeter also includes JERA's 0.735% interest in the Ichthys LNG project. Subject to the satisfaction of relevant conditions precedent, the interests in Gorgon and Ichthys will be sold to MidOcean, and then the Ichthys interest shall be transferre
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