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Aramco to increase stake in EIG’s MidOcean to 49%, invest in Peru LNG...
17 Sep, 2024 07:50 97 min read
Saudi Aramco is set to increase its stake in MidOcean Energy to 49%, financing a 15% stake acquisition in Peru LNG from Hunt Oil. This move strengthens Aramco’s presence in the growing global LNG market, with a particular focus on U.S. expansion. Once finalized, Aramco will hold an indirect 17.2% stake in Peru LNG, South America's first LNG export facility.... More