Latham & Watkins Advises EIG’s MidOcean Energy in Completed Acquisition of Interest in LNG Canada From PETRONAS

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, today announced the completion of its acquisition of a 20% interest in PETRONAS’ key entities in Canada. The transaction includes a 20% interest in the North Montney Upstream Joint Venture (NMJV), which holds PETRONAS’ upstream investment in Canada, and a 20% interest in the North Montney LNG Limited Partnership (NMLLP), which holds PETRONAS’ 25% participating interest in the LNG Canada Project.

Latham & Watkins LLP advised MidOcean in the transaction with a team led by partners Charlie Carpenter, Justin T. Stolte, Chris Peponis, and Hamad Al-Hoshan. Advice on M&A matters was provided by partners Charlie Carpenter and Justin T. Stolte, and counsel Carolyn Wong, with associates Catie English, George Venables, Philip Killeen, and Shira Huberfeld. Advice on project development matters was provided by partner Chris Peponis and counsel Brian Hintze, with associates Carlos Diaz, Alex Ross, and Andy Yuan. Advice on finance matters was provided by partners Hamad Al-Hoshan, John-Patrick Sweny, Chuan Wei Kong, Pamela Kellet, and counsel Howe Min Wee, with associates Charlotte Hawkins, Josh Lin, Will Davidson, Sungjoo Ahn, Catherine Willis, Peter Erberich, Wonhyong Lee, Mariana Ferez, and Isobel Moffatt, with assistance from Eric Jjemba. Other advice was provided by partners Carlos Alvarez, Tim Fenn, Jared Grimley; counsel Philipp Studt; and associates Constance Dobelmann and Jim Lambert. Bennett Jones served as Canadian co-counsel.