MidOcean Energy completes acquisition of PETRONAS’ interest in LNG Canada project

The transaction includes a 20% interest in the North Montney Upstream Joint Venture (NMJV), which holds PETRONAS’ upstream investment in Canada, and a 20% interest in the North Montney LNG Ltd Partnership (NMLLP), which holds PETRONAS’ 25% participating interest in the LNG Canada project.

This strategic investment positions MidOcean across the LNG value chain, securing upstream resources and downstream liquefaction through the LNG Canada project, with around 0.7 million tpy of associated LNG and potential to grow further.

RBC Capital Markets acted as financial advisor to MidOcean, and Latham & Watkins acted as legal advisor.