Announcement Regarding Investment in LNG Company MidOcean Energy
Key facts
- Announcement Regarding Investment in LNG Company MidOcean Energy
- Shizuoka Gas Co., Ltd. has announced a 100 million USD investment in MidOcean Energy (MOE), an LNG company established by EIG. This move, part of a new strategic partnership, aims to expand Shizuoka Gas's footprint in the natural gas and LNG sector by gaining indirect access to upstream and midstream operations. This investment is a key step in the company's strategy to enhance its global business portfolio and achieve its 2030 vision.
- Date: March 30, 2026
Direct answer
Shizuoka Gas Co., Ltd. has announced a 100 million USD investment in MidOcean Energy (MOE), an LNG company established by EIG. This move, part of a new strategic partnership, aims to expand Shizuoka Gas's footprint in the natural gas and LNG sector by gaining indirect access to upstream and midstream operations. This investment is a key step in the company's strategy to enhance its global business portfolio and achieve its 2030 vision.
- Citation
- Announcement Regarding Investment in LNG Company MidOcean Energy (March 30, 2026)
- Source
- PR Times
- Date
- March 30, 2026
Shizuoka Gas Co., Ltd. has announced a 100 million USD investment in MidOcean Energy (MOE), an LNG company established by EIG. This move, part of a new strategic partnership, aims to expand Shizuoka Gas's footprint in the natural gas and LNG sector by gaining indirect access to upstream and midstream operations. This investment is a key step in the company's strategy to enhance its global business portfolio and achieve its 2030 vision.
📋 Article Processing Timeline
- 📰 Published: March 30, 2026 at 05:11
- 🤖 AI Analyzed: May 26, 2026 at 21:27 (1384h 15m after Published)
Shizuoka Gas Co., Ltd. (President and CEO: Naotake Matsumoto) announced today that it has decided to invest 100 million US dollars in MidOcean Energy (hereinafter "MOE"), an LNG company established and operated by EIG, one of the world's leading institutional investors specializing in the energy and infrastructure sector. The investment will be made through a fund managed by EIG, and the two companies will also form a strategic partnership.
MOE, the company Shizuoka Gas is investing in, holds a portfolio of interests in LNG projects across Australia, Canada, Peru, and other locations. It is building an integrated LNG value chain—from upstream gas field development to liquefaction, sales, transportation, and optimization trading—while diversifying risks across individual projects. This investment provides Shizuoka Gas with indirect participation in an LNG business portfolio, including upstream and midstream sectors, which would be difficult to access directly on its own, thereby expanding its business scope in the natural gas and LNG fields.
The Shizuoka Gas Group has built its business on the strength of its natural gas and electricity value chain and a customer base supported by long-standing relationships of trust. Leveraging these strengths, the group is expanding and optimizing both its upstream and downstream natural gas and LNG businesses at home and abroad. This includes last year's investment in a shale gas development project in the Eagle Ford basin in the United States. The current investment is another concrete measure in this strategy.
By combining its established energy business foundation with the strategic partnership with MOE, the Shizuoka Gas Group aims to expand its natural gas and LNG value chain globally, from upstream to downstream, and establish a business portfolio that balances both stability and profitability. The Shizuoka Gas Group will continue to actively pursue overseas business opportunities to achieve its 2030 Vision.
The impact of this investment on the consolidated financial results for the fiscal year ending December 2026 is currently under review. Any matters requiring disclosure will be announced promptly.
【Company Profile】
1. MidOcean Energy
Company Name |
MidOcean Energy |
Head Office |
London, UK |
Representative |
De la Rey Venter |
Established |
2023 |
Business Description |
An LNG company established and operated by EIG, aiming to build a diverse, cost-competitive, and low-carbon global LNG portfolio. This is based on the belief that LNG will play a crucial role in the global energy system as a low-carbon and competitive alternative to other fossil fuels... |
FAQ
What is the total amount of Shizuoka Gas's investment in MidOcean Energy?
Shizuoka Gas Co., Ltd. has decided to invest 100 million US dollars in MidOcean Energy (MOE).
Who established and operates MidOcean Energy, the LNG company Shizuoka Gas is investing in?
MidOcean Energy (MOE) is established and operated by EIG, a leading institutional investor specializing in the energy and infrastructure sector.
What kind of LNG projects does MidOcean Energy hold interests in?
MidOcean Energy holds a portfolio of interests in LNG projects located in Australia, Canada, Peru, and other regions.
What is the primary benefit for Shizuoka Gas from this investment in MidOcean Energy?
This investment provides Shizuoka Gas with indirect participation in an LNG business portfolio, including upstream and midstream sectors, expanding its business scope.
What is the overarching goal of Shizuoka Gas Group with this strategic partnership and investment?
The Shizuoka Gas Group aims to expand its natural gas and LNG value chain globally, from upstream to downstream, and establish a balanced business portfolio.