'Japan's Mitsui Close To buying Stake In Qatar LNG Project, Sources Say'

'Japan's Mitsui Close To buying Stake In Qatar LNG Project, Sources Say' - Reuters Exclusive

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Qatar Energy in talks with Mitsui for North Field South stake, sources say
Japan seeks to diversify energy sources amid rising power demand
Mitsui, Tohoku, Kyushu interested in Qatar LNG supply via JERA, sources say

Japan's Mitsui & Co is close to buying a stake in the second phase of QatarEnergy's massive North Field project as it seeks to secure stable liquefied natural gas (LNG) supply, five sources close to the matter told Reuters.

If reached, the deal would bolster Japan's energy security as it looks to meet an increase in electricity demand from the artificial intelligence boom with conventional fuels, since adoption of renewable power is slowed by delays at wind power projects.

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