DE LA REY VENTER JOINS EIG AS MIDOCEAN ENERGY CEO

KUALA LUMPUR, June 29 (Bernama) -- EIG, a leading institutional investor to the global energy and infrastructure sectors, 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.

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.

“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 calibre to lead MidOcean further demonstrates our commitment to LNG and the energy transition,” said R. Blair Thomas, EIG Chairman and CEO in a statement.

Meanwhile, Venter added: “EIG's vision for MidOcean presents a compelling proposition for a world that will need LNG for a long time to come. We share a strong belief in the important role of LNG, as part of a family of low and no carbon gasses, to help the world transition to a Net Zero future.

“I look forward to working with the team to build a business of substance, based on EIG’s extensive track record in global LNG, and for this business to have real impact in this highly relevant sector of the global energy industry.”

Venter holds an MBA with Honours from IMD in Switzerland, a Bachelor of Commerce degree (Cum Laude) from the Northwest University and an Honours Degree in Finance and Investment Management (Cum Laude) from the University of Johannesburg, both in South Africa.

EIG, headquartered in Washington, D.C., specialises in private investments in energy and energy-related infrastructure on a global basis, with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul.

For more information, visit EIG’s website at www.eigpartners.com.

-- BERNAMA