Mitsubishi Expands US Natural Gas Business With $7.5 Billion Aethon Acquisition

Date:

It’s Japan’s largest investment to date in the U.S. natural gas industry.A lMitsubishi Electric Corp logo is pictured at a Combined Exhibition of Advanced Technologies event at the Makuhari Messe in Chiba, Japan, on Oct. 2, 2017. Toru Hanai/Reuters1/16/2026|Updated: 1/16/2026Mitsubishi Corporation announced on Jan. 16 that it has expanded its presence in the United States’ shale gas industry with the acquisition of Aethon III LLC and Aethon United LP’s shale interests in Texas and Louisiana.The $5.2 billion deal includes the assumption of $2.33 billion of Aethon debt and is expected to close between April and June, pending regulatory approvals.Rob Sabo has worked as a business journalist for nearly two decades and covers a broad range of business topics for The Epoch Times.Author’s Selected Articles

spot_imgspot_imgspot_img

Share post:

More like this
Related

Judge Blocks NYC Law Requiring Uber, Lyft to Give Drivers Deactivation Notice

Both Uber and Lyft ride-sharing firms were the victors...

Icahn Enterprises Agrees to Sell Pep Boys to Mavis in $700 Million Deal

A Pep Boys sign is seen on the outside...

Canadian and US Fish Found With Rare Contagious Skin Cancer

Scientists have discovered a rare form of skin cancer...

Sens. Scott, Blackburn Introduce Bill for Memorial to Victims of Communist Chinas Tyranny

Sens. Rick Scott (R-Fla.) and Marsha Blackburn (R-Tenn.) introduced...