Filling a gap in the global LNG market
De la Rey Venter, CEO of LNG player MidOcean Energy, discusses strategy, project developments and the prospects for the LNG market
What gap in the LNG market was the company aiming to fill at its launch in 2022, and how has the strategy evolved? Venter: The gap in the market was the absence of a global, highly diversified, full-function, full-value-chain midcap LNG company. The space was vacant after Shell acquired BG. We set out to create a well-capitalised company that is nimble, highly commercial and has deep links all over the global LNG industry and the investment banking and project finance worlds. We grow largely through acquisitions. We drive global diversity into the portfolio from the onset. And we balance between acquiring existing onstream assets to build out a solid and growing cash flow foundation for the
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
