SHIZUOKA GAS CO.,LTD. [9543.T]
TOKYO, Mar 26 (Pulse News Wire) – Shizuoka GAS CO.,LTD. (9543.T) decided today to invest in MidOcean Energy (MOE), a liquefied natural gas (LNG) venture established and operated by institutional investment firm EIG.
The investment will be made through EIG's fund and aims to construct a comprehensive LNG value chain, spanning upstream development to downstream sales and transportation. Shizuoka Gas will contribute $100 million to MOE, which owns LNG project portfolios in Australia, Canada, and Peru. By participating indirectly in the LNG sector via MOE, Shizuoka Gas seeks to expand its operational scope beyond its traditional domestic markets. The partnership is expected to enhance the company’s global LNG portfolio and optimize operations across the entire value chain. Additionally, Shizuoka Gas plans to leverage its existing customer base and expertise in the energy sector to further develop its LNG business both domestically and internationally.
The company aims to establish a stable and profitable portfolio through strategic partnerships such as this one. Any potential impact on the fiscal year ending December 2026 will be disclosed promptly once assessed. EIG, founded in 1982, manages assets worth over $25.40 billion as of December 31, 2025. With a focus on specialized investments, EIG has invested more than $53.40 billion in over 425 energy projects across six continents and 44 countries since 1982. Its clients include major pension funds, insurance companies, university endowments, foundations, and sovereign wealth funds from North America, Asia, and Europe.
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