Abu Dhabi ruling family to invest $1bn in MidOcean

An investment and asset management company owned by Abu Dhabi’s ruling family will invest more than $1 billion in MidOcean Energy, the liquefied natural gas unit of US-based energy investor EIG.

The Private Department of Sheikh Mohammed bin Khalid Al Nahyan and EIG will also partner to develop energy and infrastructure investment opportunities in the UAE and selected regional markets, the companies said in a joint statement.

The investment in MidOcean marks the private department’s entry into the global LNG sector and strengthens MidOcean’s institutional shareholder base.

The company’s LNG interests include Canada, Australia and Latin America, as it seeks to expand its global footprint.

The investment provides long-term exposure to global infrastructure and energy assets, said Matar Hamdan Al Ameri, executive managing director of the Private Department of Sheikh Mohammed bin Khalid Al Nahyan.

The move will also create opportunities for regional investors to participate alongside leading institutional partners, Al Ameri added.

The Private Department of Sheikh Mohammed bin Khalid Al Nahyan and its affiliate KSH Investments manage interests across real estate, hospitality, infrastructure, financial services and energy.

In September 2024 Saudi Aramco increased its stake in MidOcean Energy to 49 percent after agreeing to fund the latter’s acquisition in Peru.

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