The Private Department of Sheikh Mohammed bin Khalid Al Nahyan has committed USD 1.13 billion to MidOcean Energy, a Texas-headquartered LNG company formed and managed by US energy and infrastructure investment firm EIG, marking the Abu Dhabi-based platform's entry into the global LNG sector.
Alongside the investment, the Private Department and EIG have established a broader strategic partnership focused on capital aggregation, investment origination and the development of institutional investment opportunities across the UAE and selected regional markets.
MidOcean holds a diversified portfolio of LNG interests spanning Canada, Australia and Latin America. The Private Department, which operates alongside affiliate KSH Investments as a diversified Abu Dhabi-based investment and asset management platform, said the transaction is the first step in a wider collaboration with EIG across energy and related infrastructure sectors – positioning the partnership as a long-term vehicle for deploying Gulf capital into the global energy transition.
Gulf Economist Staff Writer