Energy Transfer and MidOcean to Partner on Lake Charles LNG Facility

Deal News | Apr 10, 2025 | EIG Global Energy Partners

Energy Transfer LP and MidOcean Energy, a subsidiary formed by EIG Global Energy Partners, announced a significant collaboration to develop the Lake Charles LNG project. The Heads of Agreement outlines MidOcean's commitment of 30% in construction cost funding, in exchange for 30% of the LNG production output, approximately 5 million tonnes per annum.

Sectors

  • Energy & Infrastructure
  • Private Equity

Geography

  • United States – The article focuses on the Lake Charles LNG project in Louisiana, USA, highlighting the country's role in the natural gas export market.
  • United Kingdom – MidOcean Energy is partially operated in London, tying the geographical presence of the involved companies.

Industry

  • Energy & Infrastructure – The article discusses the development of an LNG export facility, representing significant investment in energy infrastructure, specifically focusing on liquefied natural gas.
  • Private Equity – EIG Global Energy Partners, a major player in private equity inancing, is involved through its management and formation of the MidOcean Energy company.

Financials

  • 30.0% – MidOcean Energy's stake in the project costs and entitlement to an equivalent share of the LNG production.
  • 5.0 million tonnes – Annual LNG production share attributable to MidOcean due to their investment.

Participants

NameRoleTypeDescription
Energy Transfer LPDeveloper and OperatorCompanyA US-based company operating one of the largest and most diverse energy asset portfolios across major U.S. production basins.
MidOcean EnergyInvestor and DeveloperCompanyAn LNG company under the management of EIG, investing in and aiding in the development of the Lake Charles LNG project.
EIG Global Energy PartnersPrivate Equity FirmCompanyA leading institutional investor in energy and infrastructure sectors, managing MidOcean to advance their LNG portfolio.