Tapping Gas

Carlyle buys Energean gas assets in Mediterranean for $945 million

The U.S.-based private equity fund is developing plans to form a new regionally focused oil and gas company amid soaring demand

An LNG tanker at the French Mediterranean port of Marseille. (Photo: Getty Images)

Carlyle Group is developing plans to form a new Mediterranean-focused oil and gas company after the private equity fund agreed to acquire Energean’s assets in Egypt, Italy and Croatia for up to $945 million.

The deal announced Thursday will...