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

26 Employees Sue Meta, Allege Unfair AI Selection for Layoffs

Twenty-six current and former employees of Meta are suing...

US Producer Inflation Unexpectedly Falls in June

Producer prices unexpectedly declined in June, driven primarily by...

Seattle Seahawks Sell to Khosla Family for $9.6 Billion

Vinod Khosla, Founder of Khosla Ventures, speaks onstage during...

Senators Introduce Bipartisan Legislation to Counter Chinas Repression on US Soil

Two senators have introduced bipartisan legislation establishing tough new...