Mitsubishi to buy U.S. shale gas assets in $7.5B deal to expand LNG footprint
Mitsubishi Corporation will acquire Aethon Energy Management LLC's U.S. shale gas assets in Texas and Louisiana for about $7.53 billion (roughly $5.2 billion in equity and $2.33 billion in debt) to bolster its natural gas and LNG earnings and accelerate an integrated U.S. value chain from upstream gas development to power generation and related businesses; the assets are expected to add about the same LNG capacity Mitsubishi already has (roughly 15 million metric tons per year), effectively doubling its LNG output.
