The Private Department of Sheikh Mohammed bin Khalid Al Nahyan is investing $1.13 billion into MidOcean Energy, part of Washington, DC-based EIG. MidOcean operates across the global LNG market with holdings spanning North and South America and Australia. The deal marks the UAE investor's first LNG investment and includes a strategic partnership with EIG to pursue future opportunities as the firm expands into energy and critical infrastructure.
Why This Matters
The $1.13 billion commitment extends a wave of multi-billion-dollar UAE investments in US LNG. From ePointZero's $2.25 billion acquisition to XRG and Mubadala Energy's investments in US LNG export facilities, the UAE is scaling its American energy portfolio from $85 billion to $440 billion by 2035, building infrastructure that delivers American energy to global markets while creating local jobs and driving economic growth.
“The Private Department’s investment supports our continued growth and execution across a diversified global LNG portfolio. We appreciate their strong endorsement of MidOcean’s strategy, and we look forward to working together to capture more opportunities in an increasingly important global LNG market.” – De la Rey Venter, CEO of MidOcean
