Mitsubishi Corporation invests in LNG company MidOcean Energy
Mitsubishi Corporation invests in LNG company MidOcean Energy
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Natural Gas News
Mitsubishi Corporation invests in LNG company MidOcean Energy
Summary
MidOcean stated that this partnership underscores both companies’ commitments to LNG and its role as a critical enabler of the energy transition. by: Shardul Sharma
MidOcean Energy, an LNG firm backed by US-based investor EIG, on April 1 announced that Japan's Mitsubishi Corporation has made a ...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.