Mitsubishi to Expand Investment in Petronas LNG Plant
Provided by
Dow Jones
By Ying Xian Wong
Mitsubishi Corp. will expand its investment in the Malaysian liquefied-natural-gas plant operated by the country's state-owned oil company, Petroliam Nasional.
The Japanese conglomerate signed an agreement with Petronas to extend its 10% interest in Malaysia LNG Dua over the next decade and reinvest in Malaysia LNG Tiga with a 10% stake, the companies said Friday.
Malaysia LNG Dua and Tiga are part of the Petronas LNG complex, one of Japan's main LNG suppliers, with a total annual production capacity of 29.3 million metric tons.
Write to Ying Xian Wong at yingxian.wong@wsj.com
(END) Dow Jones Newswires
September 26, 2024 23:19 ET (03:19 GMT)
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