EIG pounces again to acquire big interest in another Australian LNG project

Washington DC-based institutional investor EIG is poised for another major transaction in Australia in which it will acquire the integrated gas business of Origin Energy, the upstream operator of the Australia Pacific LNG (APLNG) liquefied natural gas export project in Queensland.

The proposed acquisition is part of an indicative offer of A$9 (US$5.78) cash per share for Origin by a consortium comprising Brookfield Asset Management with its affiliates and their managed funds and MidOcean Energy, formed and managed by EIG.