NYK has decided to participate in an investment in MidOcean Energy, a United Kingdom-based liquefied natural gas (LNG) company established and managed by EIG, a leading institutional investor in the energy and infrastructure sectors headquartered in the United States.
The investment will be made through Diamond Gas MidOcean Limited (“DGMO”), a company established by Mitsubishi Corporation (Head Office: Chiyoda-ku, Tokyo) in 2023, by subscribing for all of the shares to be issued in DGMO’s third-party allotment. Following the investment, DGMO is expected to be operated as a jointly owned company by Mitsubishi Corporation and NYK.
The share subscription is subject to the receipt of competition law approvals and other required regulatory approvals from the relevant authorities and is expected to be completed between August and September 2026.
This investment represents NYK’s continued expansion along the LNG value chain, following its investments in the Wheatstone LNG Project and the Cameron LNG Project, as well as in LNG-fueled vessel transportation and LNG bunkering businesses. The investment is positioned as part of the growth strategy set out in NYK’s medium-term management plan, “Sail Green, Drive Transformations 2026 – A Passion for Planetary Wellbeing – ”
Alongside this investment, the NYK Group also plans to enter into a strategic partnership with MidOcean Energy in the field of LNG marine transportation. By leveraging the expertise and experience in LNG shipping that the NYK Group has developed over many years, the NYK Group aims to contribute to the further development of MidOcean Energy’s LNG value chain and, through these efforts, to global energy security and sustainable development.
Source: Nippon Yusen Kaisha
