The Private Department of Sheikh Mohammed Bin Khalid Al Nahyan, an investment firm owned by members of Abu Dhabi's ruling family, has committed to invest $1.13 billion in liquefied natural gas company MidOcean Energy.

Here are some details:

The deal marks the Private Department's first investment into the global LNG sector, the firms said.

In parallel, the two companies have also established a strategic partnership focused on capital aggregation, investment origination.

Partnership to also explore investment opportunities in energy and related infrastructure sectors across the UAE and broader region.

The investment further strengthens MidOcean’s "high-quality institutional shareholder base".

MidOcean is private equity firm EIG's LNG investment vehicle. It is also backed by oil giant Saudi Aramco and Mitsubishi.

The LNG firm has established a platform with a balance sheet of over $5 billion and stakes in LNG projects across the Americas and Australia.

The investment supports the Private Department's strategy to "create opportunities for regional investors to participate alongside leading institutional partners," said executive managing director Matar Hamdan Al Ameri.