Overview
- MidOcean signed definitive agreements to buy JERA Gorgon Pty Ltd, which holds a 0.417% interest in the Gorgon LNG project.
- This purchase lifts MidOcean’s Gorgon holding to 1.417%, expanding its exposure to a large-scale, long-life LNG asset.
- The deal perimeter includes JERA’s 0.735% interest in Ichthys, which will be sold to MidOcean and then transferred to an existing joint-venture participant subject to additional conditions.
- MidOcean and JERA said they plan to explore a strategic alliance focused on future LNG and adjacent energy opportunities.
- Gorgon is operated by Chevron and has a nameplate capacity of about 15.6 million tonnes per year, according to the companies.