NYK Invests in MidOcean Energy via Mitsubishi's DGMO
Japanese shipping company Nippon Yusen Kaisha (NYK) has invested in UK-based LNG firm MidOcean Energy, according to a recent announcement. The investment is being made through Diamond Gas MidOcean Limited (DGMO), a company set up by Mitsubishi Corporation in 2023.
The share subscription is scheduled to be completed between August and September 2026. Alongside the investment, NYK also plans to enter a strategic partnership with MidOcean Energy in LNG marine transportation, aiming to support the further development of MidOcean's LNG value chain.
This move represents NYK's continued expansion along the LNG value chain, following its earlier investments in the Wheatstone LNG and Cameron LNG projects, as well as in LNG-fueled vessel transportation and LNG bunkering businesses.