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flag MidOcean Energy, backed by U.S. private equity, will buy JERA’s stakes in Australia’s Gorgon and Ichthys LNG projects in a deal under $500 million, expected to close in early 2026.

flag MidOcean Energy, backed by U.S. private equity firm EIG, has agreed to acquire JERA’s stakes in Australia’s Gorgon and Ichthys LNG projects, including a 0.735% interest in Ichthys and an expanded 1.417% stake in Gorgon, in a deal expected to close in early 2026. flag The transaction, valued under $500 million, strengthens MidOcean’s global LNG portfolio and marks JERA’s strategic shift away from direct Australian investments. flag JERA retains stakes in other Australian projects and continues to view the country as a reliable LNG supplier. flag The deal follows MidOcean’s recent expansion into Peru LNG and reflects growing private equity involvement in global energy infrastructure.

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