Japan's Mitsui acquires Texas gas asset from Sabana and Vanna [Yahoo! Finance]
MITSUI & CO LTD ADR (MITSY)
US:NASDAQ Investor Relations:
mitsui.com/us
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Source: Yahoo! Finance
The companies did not disclose the financial terms of the deal. The asset, named Tatonka, spans approximately 46,500 acres and is strategically located with access to liquefied natural gas (LNG) export terminals and ammonia plants on the Gulf Coast. MEPUSA plans to commence drilling operations to assess well performance. The company intends to develop and operate the Tatonka asset with plans for full-scale development after 2026. Mitsui is pursuing the development of upstream projects and boosting the natural gas value chain, including adjacent businesses. It is also promoting US natural gas liquefaction and export to global markets, as well as methanol production using natural gas as feedstock. In a press statement, Japanese trading house Mitsui said: “With natural gas and LNG playing an important role as "real solutions" for energy transition, Mitsui will continue to contribute to the stable supply of energy, the enrichment of people's lives and the sustainable developmen
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