Investor Alert

Market Pulse Archives

Oct. 7, 2022, 8:19 a.m. EDT

Private equity firm EIG pays $2.2 bln for LNG projects in Australia

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Tokyo Gas Co. Ltd. ADR (TKGSY)
  • X
    Tokyo Gas Co. Ltd. (9531)

or Cancel Already have a watchlist? Log In

By Steve Gelsi

Private equity firm EIG said Friday its MidOcean Energy portfolio company agreed to pay $2.15 billion to Tokyo Gas Co. Ltd. /zigman2/quotes/203990414/delayed TKGSY +2.57% /zigman2/quotes/204721803/delayed JP:9531 +0.80% for interests in four Australian liquid natural gas (LNG) projects. The deal includes ownership stakes in Gorgon LNG, Ichthys LNG, Pluto LNG and Queensland Curtis LNG. EIG said the deal marks the launch MidOcean's strategy to construct a diversified, global pure-play, integrated LNG company. EIG chairman and CEO R. Blair Thomas said the acquisition provides MidOcean with an LNG portfolio "ideally positioned to supply key customers in Japan, Asia and across the globe for decades to come."

US : U.S.: OTC
$ 9.17
+0.23 +2.57%
Volume: 3,417
Dec. 8, 2022 3:07p
P/E Ratio
Dividend Yield
Market Cap
$7.92 billion
Rev. per Employee
JP : Japan: Tokyo
¥ 2,527.00
+20.00 +0.80%
Volume: 639,400
Dec. 9, 2022 11:30a
P/E Ratio
Dividend Yield
Market Cap
¥1082.71 billion
Rev. per Employee

Get news alerts on Tokyo Gas Co. Ltd. ADR — or create your own.
This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.