WASHINGTON, June 29 (Bernama-BUSINESS WIRE) — EIG, a leading institutional investor to the global energy and infrastructure sectors, today announced that De la Rey Venter has joined the firm as Chief Executive Officer of MidOcean Energy (“MidOcean”) and as a Managing Director of EIG. MidOcean is an EIG-controlled LNG company seeking to create a diversified “pure play” integrated LNG portfolio of high-quality operating LNG projects with strong existing cash flow. Mr. Venter is a 25-year industry veteran with global operating, dealmaking and business leadership experience in the mining, upstream and LNG sectors. Among other roles, he served as Executive Vice President of Integrated Gas Ventures, responsible for the majority of Shell’s LNG and natural gas assets, and previously also as Shell’s Global Head of LNG. He will be based in EIG’s London office.
“LNG is a key enabler of the energy transition and is increasingly a geopolitically strategic energy source,” said R. Blair Thomas, EIG’s Chairman and CEO. “EIG has long been a key capital provider to the sector and has already invested in nine LNG projects, globally, involving both liquefaction and regasification. Adding someone of De la Rey’s caliber to lead MidOcean further demonstrates our commitment to LNG and the energy transition. We welcome De la Rey aboard and are excited about the future that he will help develop for MidOcean.”