EIG CEO R. Blair Thomas said the investment firm is closing in on a deal for a liquefied natural gas asset worth several billion dollars.
Photo: F. Carter Smith/Bloomberg NewsSYDNEY—U.S.
investment firm EIG Global Energy Partners is closing in on a deal for a liquefied natural gas asset worth several billion dollars, as it raises bets on demand for the fuel amid a reordering of energy supply chains triggered by Russia’s invasion of Ukraine.
Chief Executive R. Blair Thomas said EIG’s MidOcean Energy unit is working on the deal in parallel with an effort to buy Australia’s Origin Energy as part of a consortium led by Brookfield Asset Management.
MidOcean would acquire Origin’s 27.5% stake in the Australia Pacific LNG project in eastern Australia if the consortium’s nearly $11 billion offer for the company is successful.
Persons:
Blair Thomas, Carter Smith, EIG’s, MidOcean
Organizations:
Bloomberg News SYDNEY —, EIG Global Energy Partners, Energy, Brookfield Asset Management, Australia Pacific LNG
Locations:
Bloomberg News SYDNEY — U.S, Ukraine, Australia