Overview
- Mitsui’s CEO Kenichi Hori told Bloomberg the firm is actively seeking LNG investments and supply contracts in the Middle East, the United States and Australia to meet growing power needs for data centers and AI infrastructure.
- The company said it will pursue flexible deal structures, including taking equity stakes in projects or signing long-term offtake agreements with LNG and gas-chemicals firms.
- Mitsui already has positions that underpin the strategy, including an interest in ADNOC’s Ruwais export facility, a 1.0 million tonne-per-year supply pact with Venture Global and a partnership with Woodside on Australia’s North West Shelf.
- Mitsui frames LNG as a lower-carbon way to secure dependable baseload power as Japan and other buyers seek to reduce the risk of import disruptions caused by regional tensions.
- If completed, Mitsui’s push could shift where tech firms source energy and spur more long-term LNG deals, with the company’s scale and reported institutional backing helping to finance large upstream or supply commitments.