Mitsubishi finalizes $7.5B purchase of Louisiana gas assets

(The Center Square) – Mitsubishi Corp. finalized a $7.5 billion acquisition of Dallas-based Aethon Energy Management’s Haynesville Shale assets this week, as another Japanese conglomerate moved to secure natural gas from northwest Louisiana for its LNG supply chain.

Tokyo-based Mitsubishi is the latest Japanese multinational energy company to buy production in north Louisiana following JERA’s February close on a $1.5 billion purchase of the South Mansfield gas field and supporting infrastructure from Williams and GeoSouthern Energy affiliates, both U.S.-based companies.

Taken together, Japanese multinationals will produce an estimated 4.5 billion cubic feet per day or about 30%-35% of the Haynesville region’s total natural gas in 2026. These companies have also bought stakes in LNG export terminals, giving them control of their LNG supply chains.

With Mitsubishi’s purchase of 400,000 gas-producing acres across Louisiana and East Texas, the underground pipelines, and its ownership interest in the C...