MidOcean Energy funded $120m to support global LNG supply chain

MidOcean Energy (MidOcean), a liquefied natural gas (LNG) company formed and managed by EIG, has received $120m in investment from MENA-focused financial institution The Arab Energy Fund (TAEF).

MidOcean is targeting $2bn in capital from new investors to diversify its LNG portfolio and support the global LNG supply chain.

EIG is an institutional investor in the global energy and infrastructure sectors with around $25.9bn in assets.

Khalid Al-Ruwaigh, CEO of The Arab Energy Fund, said, “[This investment] reflects the fund’s commitment to supporting strategic energy platforms that contribute to global energy security and a more sustainable energy mix.”

In December 2025, MidOcean of a 20% stake in the partnership that holds Petronas’ 25% interest in the LNG Canada Project.

The TAEF investment coincides with ongoing global LNG supply chain issues.

The US Energy Information and Administration (EIA) report that LNG disruptions, mostly concentrated in Qatar, represent over 10 billion cubic feet (Bcf) per day or 20% of global supply.

As a result of the global LNG deficit, the EIA forecasts US LNG exports to continue to increase with five LNG export projects expected to start operations and ramp up production by the end of 2027.

This year, the EIA reports Corpus Christi Stage 3 will start up trains 5 to 7 and Golden Pass LNG will start up its first two trains.

In 2027, Port Arthur LNG Phase 1, Rio Grande LNG trains 1 and 2 and the final train of Golden Pass LNG will begin exports.

These efforts would represent an increase in LNG exports up to 5.7 Bcf per day, with current US peak export capacity sitting at 18.3 Bcf per day.

Plaquemines LNG and Elba Island LNG also received approval from the US Department of Energy (DOE), in March and April, increasing permitted exports by 0.5 Bcf per day and 0.1 Bcf per day, respectively.

This follows a recent report from the Institute for Energy Economics and Financial Analysis (IEEFA) forecasting that US LNG exports are expected to make up in 2026 as dependence increases.