MidOcean Energy to buy further 15% stake in Peru LNG
MidOcean Energy to buy further 15% stake in Peru LNG from Hunt
MidOcean Energy, an EIG-managed LNG company, has entered into a definitive agreement to acquire an additional 15% interest in Peru LNG from Hunt Oil Company. This transaction, upon completion, will increase MidOcean's stake in the South American liquified natural gas (LNG) export project from 20% to 35%.
MidOcean Energy to increase stake in Peru LNG to 49%
Liquefied natural gas (LNG) business MidOcean Energy has signed a deal to acquire an additional 15% interest in Peru LNG (PLNG), taking its stake in the South American export facility to 49%.
Aramco to up stake in EIG's MidOcean to 49%, fund new stake in Peru LNG
Saudi Aramco will increase its stake in liquefied natural gas firm MidOcean Energy to 49% and fund its acquisition of a new 15% stake in Peru LNG from Hunt Oil Company, MidOcean and Hunt said on Monday.
EIG-backed MidOcean Energy to acquire additional 15 percent stake in Peru LNG from Hunt Oil
PLNG owns and operates the only LNG export facility in South America, which is located in Pampa Melchorita, Peru.
Saudi Aramco boosts stake in MidOcean, fund new stake in Peru LNG
Aramco is seeking to strengthen its position in the LNG market, which is set to grow by 50 per cent globally by the end of the decade
Saudi Aramco Expands Investment in MidOcean and Peru LNG
Saudi Aramco has intensified its investment strategy by acquiring an additional stake in MidOcean Energy and making a substantial commitment to Peru LNG. The state-owned oil giant's move is part of a broader effort to diversify its portfolio and secure a foothold in strategic energy sectors worldwide.
Aramco to increase stake in EIG’s MidOcean to 49%, invest in Peru LNG
Through this deal, Aramco will hold an indirect 17.2% stake in Peru LNG. Aramco to increase stake in EIG’s MidOcean to 49%, invest in Peru LNG. ANALYSIS, Exploration & Production, Industry Trends, International News,
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Hunt farms out 15% interest in Peru LNG to MidOcean Energy
Hunt Oil Co. has agreed to farm out a 15% interest in Peru LNG (PLNG) to MidOcean Energy. Following the deal’s closing, ...
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Aramco expands its footprint in global LNG arena
Following closing of the transaction, MidOcean’s interest in PLNG will increase from 20% to 35%. The purchase price was not ...
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