MidOcean Energy (MidOcean), a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, and Hunt Oil Company announced that they have entered into a definitive agreement whereby MidOcean will acquire an additional 15% interest in Peru LNG from Hunt. Following the closing of the transaction, MidOcean’s interest in PLNG will increase from 20% to 35%.
The firm also advised MidOcean in its completed acquisition of a 20% stake in Peru LNG from SK Earthon.
Latham & Watkins LLP represents MidOcean in the transaction with an M&A team led by partners Charlie Carpenter and Justin T. Stolte, with associates Greg Sorensen, Melanie von Staa Toledo, and Caroline Silverstein. Advice was also provided on tax matters by partners Tim Fenn and Jared Grimley and on project development matters by counsel Brian Hintze.
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