Professional M&A intelligence for the energy transition
Shell completed the acquisition of Pavilion Energy from Temasek Holdings in April 2025. Pavilion is a Singapore-based LNG trading and supply business with a contracted LNG supply portfolio of approximately 6.5 million tonnes per year.
TotalEnergies acquired a 16.7% equity interest in NextDecade's Rio Grande LNG Phase 1. In July 2023, NextDecade (NASDAQ: NEXT) announced it has made a positive final investment decision to construct the first three liquefaction trains at the company's 27 million tonnes per annum Rio Grande LNG export facility in Brownsville, Texas. NextDecade said it executed […]
Berkshire Hathaway Energy completed the purchase of Dominion Energy's 50% limited partnership stake in the Cove Point LNG, LP business, resulting in a total ownership interest of 75%. The ownership interest is held within BHE GT&S, a Berkshire Hathaway Energy business unit. A subsidiary of BHE GT&S is the general partner and operator of the […]
Saudi Aramco acquired a strategic minority stake in MidOcean Energy from EIG for $500 million in September 2023, marking Aramco's first international LNG investment. MidOcean is acquiring interests in four Australian LNG projects.
Abu Dhabi Investment Authority (ADIA), through wholly owned subsidiary Tasaheel Investment Holdings, acquired a 10% interest in Sempra Infrastructure Partners for $1.79 billion in April 2022. Sempra Infrastructure owns LNG export assets including Cameron LNG and the development-stage Port Arthur LNG.
Investment firm KKR acquired a 20% interest in Sempra Infrastructure Partners for a $3.4 billion. Sempra Infrastructure Partners owns, among other assets: an LNG portfolio consisting of up to 45 million tonnes per annum of LNG export capacity in development, construction or operation on the North American Pacific and Gulf Coasts; a renewable portfolio consisting […]
Woodside Energy completed its $900 million acquisition of Tellurian and the Driftwood LNG project on the U.S. Gulf Coast in October 2024. The deal gives Woodside the fully permitted 27.6 mtpa Driftwood LNG export development site in Louisiana. Driftwood LNG is a fully permitted, pre-final investment decision development opportunity located near Lake Charles, Louisiana. The […]
ConocoPhillips (NYSE: COP) acquired a 10% shareholding interest in Australia Pacific LNG (APLNG) from Origin Energy for $1.65 billion. The ConocoPhillips subsidiary now owns a 47.5% interest in APLNG, with Origin Energy and Sinopec owning 27.5% and 25% interests, respectively. Based on the new 47.5% ownership interest and a full-year average Brent price of $78 […]
MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, acquired Tokyo Gas Co., Ltd.'s interests in a portfolio of Australian integrated LNG projects. The acquisition includes Tokyo Gas' interests in the Gorgon LNG, Pluto LNG and Queensland Curtis LNG projects. The portfolio benefits from experienced operators, including Chevron, Woodside and Shell, […]