Mitsubishi Corporation acquires Aethon’s Haynesville shale gas business for $5.2 billion, marking its first direct entry into the U.S. shale gas sector. The deal includes ownership of gas assets producing 2.1 billion cubic feet per day, with links to U.S. LNG infrastructure.

The transaction covers equity interests in Aethon III LLC, Aethon United LP, and related entities. Mitsubishi reached the agreement with Aethon Energy Management and financial backers. The deal is expected to close between April and June 2026, pending regulatory approvals.

Haynesville Shale is strategically important due to its proximity to U.S. Gulf Coast and LNG terminals. Mitsubishi’s new assets produce 2.1 Bcf per day, equivalent to 15 million tonnes of LNG annually, with potential exports to Japan and Europe.

The acquisition aligns with Mitsubishi’s Corporate Strategy 2027, emphasizing value creation through integration across business segments. The move supports Japan’s energy security and U.S. gas market appeal amid global LNG demand shifts.

Mitsubishi already has a presence in North American energy with partnerships in Canada and LNG operations in the U.S. The Haynesville acquisition complements its existing energy portfolio, enhancing its control over gas molecules from wellhead to LNG cargo.

Read more at Yahoo Finance: Mitsubishi Enters U.S. Shale With $5.2 Billion Haynesville Gas Deal