EIG-backed MidOcean Energy taps Venter as CEO

He will be based in London.

  • De la Rey Venter is the former executive vice president of Integrated Gas Ventures
  • He also served as Shell’s global head of LNG
  • As of March 31, 2022, EIG has $25 billion under management, according to the energy investor

MidOcean Energy, which is backed by EIG, has named De la Rey Venter as CEO.

He was the former executive vice president of Integrated Gas Ventures where he was responsible for the majority of Shell’s LNG and natural gas assets. He also served as Shell’s global head of LNG. He will be based in EIG’s London office.

On the appointment, R. Blair THomas, chairman and CEO of EIG, said in a statement: “Adding someone of De la Rey’s caliber to lead MidOcean further demonstrates our commitment to LNG and the energy transition. We welcome De la Rey aboard and are excited about the future that he will help develop for MidOcean.”

Venter first joined Shell in 2002. In addition to his roles as EVP of Integrated Gas Ventures and global head of LNG, he has held diverse positions globally, including EVP Upstream Joint Ventures, EVP Gas & Power Africa, and VP Commercial in Qatar. Venter has also been responsible for Shell’s CCUS and Blue Hydrogen manufacturing themes.

Venter holds an MBA with Honors from IMD in Switzerland, a bachelor of commerce degree (Cum Laude) from the Northwest University and an Honors Degree in finance and investment management (Cum Laude) from the University of Johannesburg, both in South Africa.

EIG is an institutional investor to the global energy and infrastructure sectors with $25 billion under management as of March 31, 2022, according to the firm. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul.