MidOcean Energy LLC said Tuesday it would acquire an indirect stake in the LNG Canada export terminal for an undisclosed amount as part of a broader agreement with Malaysia’s Petroliam Nasional Berhad, or Petronas.

Map of Western Canada highlighting natural gas pipelines and LNG facilities, including operational, under construction, and proposed export terminals. Key shale plays such as Montney and Duvernay in Alberta and British Columbia are shown, along with major hubs like Westcoast Station 2, NOVA/AECO C, Kingsgate, and Northwest Sumas. The map uses colored lines to distinguish operational and proposed pipelines, and symbols to mark LNG facilities and price index locations.

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At A Glance:

Agreement includes 700,000 tons of offtakePotential for more if phase 2 sanctionedMidOcean to gain Canadian upstream exposure