Mitsui

Mitsui & Co. Ltd. has taken a 33% stake in Cim Group’s growing renewable natural gas (RNG) company as it bets on soaring demand for low-carbon gas for LNG and alternative fuels. The Japanese industrial giant disclosed it made the investment in Atlanta-based Terreva Renewables LLC as a part of Cim’s ongoing investment plan for…

Delfin Midstream Inc. has finalized an investment agreement with shipping giant Mitsui O.S.K. Lines Ltd. (MOL) for its Delfin LNG export project ahead of a possible final investment decision (FID) later this year. Delfin disclosed MOL has agreed to take an undisclosed stake in the proposed Louisiana offshore liquefied natural gas project and will be…

Japan’s Mitsui & Co. Ltd. has added an upstream foothold in the Eagle Ford Shale of South Texas, with plans to serve LNG export demand, as well as low-carbon ammonia and methanol production on the Gulf Coast. The Tokyo-based conglomerate said Thursday it has completed the acquisition of a roughly 92% working interest in an…

Denbury Inc. and Mitsui & Co. Ltd. units said they are evaluating opportunities on the Gulf Coast to develop carbon-negative oil projects.  Sequestering emissions from oil using carbon capture, utilization and storage (CCUS) is the aim of the memorandum of understanding (MOU) between Plano, TX-based Denbury Onshore LLC and Mitsui E&P USA LLC, the U.S.…

A roundup of news and commentary from NGI’s LNG Insight Japan’s Mitsui & Co. Ltd. has agreed for the first time to supply gas utility Hokkaido Gas Co. Ltd. with carbon-neutral LNG. The 64,000 million metric ton cargo is set to arrive later this month. The shipment will be offset with emissions credits and delivered…

Mitsui & Co. Ltd. plans to increase its exposure to the growing North American liquefied natural gas (LNG) export business, reaching a preliminary agreement to purchase supply from the next phase of Sempra Energy’s Cameron LNG terminal.

Sempra Energy subsidiaries have clinched heads of agreements (HOA) with Total SA, Mitsui & Co. Ltd. and Tokyo Gas Co. Ltd. to take capacity from Phase 1 of the proposed Energia Costa Azul (ECA) natural gas export project in Baja California, Mexico.

Japan’s Mitsui Corp. has been selected to construct a pipeline that would carry U.S. natural gas to Mexico from Tucson, AZ, Mexican President Enrique Pena Nieto announced in Japan while on a tour of Asian countries. The $460 million Tucson-Sasabe pipeline would have capacity of 770 MMcf/d and would join several other pipeline projects to move U.S. gas to Mexico (see Daily GPI, March 8). Mexico is seeking inexpensive U.S. shale gas to fuel power generation and supply industrial users. According to the U.S. Energy Information Administration, Mexico imported more U.S. gas than ever last year (see Daily GPI, March 14), and according to an analysis by Goldman Sachs, U.S. gas imports by Mexico will continue to increase (see Daily GPI, Feb. 11).

Pogo Producing said Friday it is selling its Thailand assets, including about 341 Bcfe of proved reserves, to PTTEP Offshore Investment Co. Ltd and Mitsui Oil Exploration Co. Ltd. for $820 million in cash, which Pogo plans to use to fund acquisitions and capital projects.