The Arab Energy Fund (TAEF), a multilateral financial institution, has decided to expand its energy portfolio by investing in MidOcean Energy, a liquefied natural gas (LNG) company founded and managed by US-based investment firm EIG Global Energy Partners (EIG).
As part of its existing capital increase, MidOcean Energy has secured a $120 million equity investment from the Arab Energy Fund, strengthening the company’s high-quality investor base and underscoring the continued strong interest in the company’s strategy to build a diversified, resilient and long-term global LNG business.
From King VenterMidOcean CEO said: “This investment supports our strategy of building a diversified LNG portfolio and positions us well to execute on our identified growth opportunities. We welcome Taef’s 50-plus years of energy investment experience and focus on energy security and sustainability.”
EIG’s LNG player sees significant additional momentum from additional investors currently documenting; Therefore, it will continue to raise capital, with a cumulative target of $2 billion from new investors. Central ocean energy She chose to increase Its stake in a liquefied natural gas project off the northwest coast of Western Australia a few months ago.
Khalid Al-RuwaighThe CEO of the Arab Energy Fund said: “Our investment in MidOcean Energy reflects the Fund’s commitment to supporting strategic energy platforms that contribute to global energy security and a more sustainable energy mix.
“LNG continues to play a critical role as a reliable and resilient source of energy, and MidOcean’s disciplined approach and high-quality asset base align well with our long-term investment strategy. EIG is a great partner and we look forward to unlocking further value through collaboration across energy infrastructure, particularly in the Middle East.”
With assets under management of US$25.9 billion as of March 31, 2026, EIG, which specializes in private investments in energy and energy-related infrastructure on a global basis, has committed US$53.9 billion to the energy sector through 426 projects or companies in 44 countries on six continents.
Blair ThomasMidOcean Chairman and CEO of EIG commented: “We are pleased to welcome the Arab Energy Fund as a shareholder in MidOcean. Their extensive experience in energy investments is a strong demonstration of MidOcean’s strategy to build a world-leading LNG business.
“In parallel, EIG and TAEF are pursuing collaboration opportunities across the Middle East’s energy infrastructure, with the aim of further deepening our relationship.”
The latest investment comes weeks after the decision by Tokyo-based Idemitsu Kosan For 500 million dollars In MidOcean Energy, followed by Shizuoka Gas, which has announced its intention to do so Invested $100 million In the LNG company shortly after.
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