EIG’s LNG unit MidOcean names new finance chief

MidOcean Energy, the LNG unit of US-based energy investor EIG, has appointed Armand Lumens as its chief financial officer.

According to a statement, Lumens brings to MidOcean more than 30 years of expertise across M&A, private equity, business development, trading, financing, audit, risk management, venture capital, take-privates, and initial public offerings.

Lumens most recently served as the group CFO of Neptune Energy. Prior to his tenure at Neptune Energy, he held the position of group CFO at Louis Dreyfus.

Previously, Lumens spent more than 24 years at Shell, where he held various senior positions, including CFO of Shell Trading, chief internal auditor and head of group external reporting and planning.

MidOcean’s CEO De la Rey Venter welcomed Lumens to the MidOcean team.

“We’re confident in his ability to drive financial excellence and contribute to the company’s continued growth and success,” he said.

“MidOcean is well positioned to make a significant impact on the energy transition through its expertise in and focus on LNG. I am thrilled to join De la Rey and the EIG team as it seeks to build a global LNG portfolio,” Lumens said.

MidOcean is heavily investing in LNG and it recently completed its previously announced purchase of a 20 percent stake in LNG terminal operator Peru LNG from a unit of South Korean conglomerate SK.

The completion of this transaction follows MidOcean’s recent announcement of a strategic investment by Japan’s Mitsubishi Corporation and the completion of its acquisition of Tokyo Gas Co’s interests in a portfolio of Australian integrated LNG projects.

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