Tokyo Gas Company divests of Australian LNG shares
Australia The deal will see total shares in wholly owned Tokyo Gas Australia 1 transferred to EIG Global Energy Partners’ subsidiary MidOcean Energy Holdings.
The sold Australian entity has stake in the four following LNG ventures: Pluto, Gorgon, Queensland Curtis and Ichthys. The four projects are expected to produce around 1 million tonnes of LNG per year for MidOcean Energy Holdings.
The sale is expected to close in H1 2023 and is subject to approval by Australian authorities.
Cost of the transaction was not disclosed.
Recent Posts
Seatrium wins MODEC contract for Guyana-bound FPSO
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
UK allows oil exploration in North Sea wind project zones
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Chariot starts gas drilling campaign in Morocco
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More