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
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