EIG's unit to buy Tokyo Gas's stakes in four Australian LNG projects for $2.15b

EIG's unit to buy Tokyo Gas's stakes in four Australian LNG projects for $2.15b

A man walks past the Shahamah liquefied natural gas (LNG) tanker sitting berthed at Tokyo Electric Power Co.'s (Tepco) Futtsu gas-fired thermal power plant in Futtsu Chiba Prefecture, Japan, on Thursday, Jan. 21, 2016. The Ministry of Finance is scheduled to release Japan's fuel trading data on Jan. 25. Photographer: Tomohiro Ohsumi/Bloomberg

MidOcean Energy, a unit of U.S. fund EIG, said on Friday it had agreed with Tokyo Gas Co Ltd to buy the Japanese company’s stakes in a portfolio of four Australian liquefied natural gas (LNG) projects for $2.15 billion.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter