Mitsubishi Expands US Natural Gas Business With $7.5 Billion Aethon Acquisition

It’s Japan’s largest investment to date in the U.S. natural gas industry.

A lMitsubishi Electric Corp logo is pictured at a Combined Exhibition of Advanced Technologies event at the Makuhari Messe in Chiba, Japan, on Oct. 2, 2017. Toru Hanai/Reuters

Mitsubishi Corporation announced on Jan. 16 that it has expanded its presence in the United States’ shale gas industry with the acquisition of Aethon III LLC and Aethon United LP’s shale interests in Texas and Louisiana.

The $5.2 billion deal includes the assumption of $2.33 billion of Aethon debt and is expected to close between April and June, pending regulatory approvals.