MidOcean Energy, a liquefied natural gas company formed and managed by EIG, announced a $120 million equity investment from The Arab Energy Fund as part of its current equity capital raise.
The investment strengthens MidOcean’s investor base and highlights continued interest in the company’s strategy to build a diversified, resilient, and long-life global LNG business. MidOcean said there is additional momentum from other investors currently in the documentation process, and the company plans to continue raising capital, with a cumulative target of up to $2 billion from new investors.
MidOcean Energy is focused on building a diversified, cost- and carbon-competitive global LNG portfolio. The company currently holds interests in LNG Canada, Gorgon LNG, Pluto LNG, QCLNG, and Peru LNG.
According to the announcement, EIG and The Arab Energy Fund are also exploring collaboration opportunities across energy infrastructure projects in the Middle East as part of efforts to deepen their relationship.
EIG manages $25.9 billion in assets as of March 31, 2026, and has committed $53.9 billion to the energy sector through 426 projects or companies across 44 countries during its 44-year history.
KEY QUOTES:
“We are delighted to welcome The Arab Energy Fund as a shareholder in MidOcean. Their significant expertise in energy investments is a strong validation of MidOcean’s strategy to build a leading global LNG business. In parallel, EIG and TAEF are seeking collaboration opportunities across energy infrastructure in the Middle East, with the aim of further deepening our relationship.”
R. Blair Thomas, Chairman, MidOcean Energy, and CEO, EIG
“This investment supports our strategy of building a diversified LNG portfolio and positions us well to execute on our identified growth opportunities. We welcome TAEF with its more than 50 years of experience in energy investing and focus on energy security and sustainability.”
De la Rey Venter, CEO, MidOcean Energy
“Our investment in MidOcean Energy reflects the Fund’s commitment to supporting strategic energy platforms that contribute to global energy security and a more sustainable energy mix. LNG continues to play a critical role as a reliable and flexible energy source, and MidOcean’s disciplined approach and high-quality asset base align well with our long-term investment strategy. EIG is a great partner and we look forward to unlocking further value through collaboration across energy infrastructure, particularly in the Middle East.”
Khalid Al-Ruwaigh, CEO, The Arab Energy Fund
