Major Japanese oil company Idemitsu Kosan Co says it will invest $500 million in MidOcean Energy, a liquefied natural gas firm headquartered in Britain and managed by U.S.-based investor EIG, to secure a stable energy supply. The move, Idemitsu's first full-scale foray into LNG, comes amid growing concerns over disruptions…

TOKYO: Idemitsu Kosan, Japan's second-biggest oil refiner, said on Tuesday (Mar 17) it will invest US$500 million in Australia's MidOcean Energy as part of a move towards a full-scale entry into the LNG business.MidOcean Energy is an LNG platform backed by U.S. energy-focused private equity firm EIG.Id

TOKYO: Idemitsu Kosan, Japan's second-biggest oil refiner, said on Tuesday (Mar 17) it will invest US$500 million in Australia's MidOcean Energy as part of a move towards a full-scale entry into the LNG business.MidOcean Energy is an LNG platform backed by U.S. energy-focused private equity firm EIG.Id