MidOcean Energy Aims to Fill Gap in Global LNG Market with Diversified Strategy
MidOcean Energy, led by CEO De la Rey Venter, aims to address the gap in the LNG market identified at its 2022 launch. The company targets the absence of a diversified midcap LNG company following Shell's acquisition of BG. MidOcean Energy focuses on being well-capitalized, nimble, and highly commercial, leveraging acquisitions and strong industry links to build a diverse portfolio and a solid cash flow foundation.
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MidOcean Energy, founded in 2022 by CEO De la Rey Venter, seeks to fill a gap in the global LNG market left by the absence of a diversified midcap LNG company after Shell's acquisition of BG. The company's strategy involves creating a well-capitalized and agile entity with extensive connections across the LNG industry and investment banking. MidOcean Energy primarily grows through acquisitions, aiming to establish a diverse portfolio and a stable cash flow by acquiring existing onstream assets.
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