“Building on our North American energy platform - including shale gas development in Canada, midstream marketing and logistics operations in Houston, liquefied natural gas (LNG) exports via LNG Canada and Cameron LNG - this acquisition further strengthens our integrated energy business,” Mitsubishi said in a statement

Mitsubishi is a major player in the global LNG sector across the full value chain, from upstream production to trading, marketing and logistics. It holds stakes in multiple LNG projects worldwide, including in projects in Malaysia, Oman, Australia, Russia, the U.S. and Canada, giving it equity LNG production of 15 million metric tons per year.