MidOcean, backed by EIG and Aramco, buys into LNG Canada via Petronas stake

ReutersSep 30, 2025 4:05 PM

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LONDON, Sept 30 (Reuters) - Liquefied natural gas firm MidOcean, backed by EIG and Saudi Aramco 2222.SA, has agreed to buy a fifth of Malaysian state energy firm Petronas's 25% stake in Shell-led SHEL.L LNG Canada, MidOcean said on Tuesday.

The deal also includes a fifth of Petronas's Canadian upstream assets. MidOcean declined to comment on the price of the transaction, but a person familiar with the situation put it at just over $3 billion.

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