Japan’s Mitsubishi Corporation has finalised a deal to buy all of Aethon’s US gas and pipeline assets, including the Haynesville reserves, for $5.2bn. It is expected to close in the second quarter.
It marks the corporation’s entry into the US shale gas business across the value chain, from upstream ownership through domestic sales and export of produced gas.
The portfolio spans upstream shale gas development with Ovintiv in British Columbia, midstream marketing and logistics through CIMA Energy in Houston, and LNG exports via LNG Canada and Cameron LNG, which is located close to Haynesville and the industrial cluster on the US Gulf Coast.
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