Latham Advises MidOcean Energy on Phase 2 of LNG Canada Project

MidOcean Energy, a liquefied natural gas company formed and managed by EIG, has announced its participation in Phase 2 of LNG Canada through its partnership with PETRONAS, following the Final Investment Decision by the LNG Canada joint venture partners. MidOcean’s participation in Phase 2 follows the completion of its December 2025 acquisition of a 20% interest in the North Montney Upstream Joint Venture, which holds PETRONAS’ upstream investment in Canada, and a 20% interest in the North Montney LNG Limited Partnership, which holds PETRONAS’ 25% participating interest in the LNG Canada Project. Latham also advised MidOcean Energy in the acquisition.

Latham & Watkins LLP advised MidOcean Energy in the project with a team led by Tom Bartlett, Tim Coxon, Charles Carpenter, and Justin T. Stolte. Advice was also provided on project finance matters by counsels Howe Min Wee and Richard Fleming, with associates Gahyun Kim, Josh Lin, Catherine Willis, Hui-Yan Chew,* Tristan Tan, Edward Lee,* and Nassef Ghazy, and assistance from Raeann Farag; on project development matters by counsels Evelyne Girio and Brian Hintze, with associate Daniel Chen; and on corporate matters by associates Catie English, Philip Killeen, and Maddie Bowen.