MidOcean completes acquisition of 20% of PETRONAS’ key entities in Canada


Dateline 2025-12-18, The Edge Malaysia:

KUALA LUMPUR (Dec 18): MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, has completed the acquisition of a 20% interest in Petroliam Nasional Bhd’s (PETRONAS) key entities in Canada.

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

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