'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

-3.91%

-1.34%

-2.62%

-1.63%

ConocoPhillips COP	118.79	-3.91%
Shell Plc Sponsored ADR SHEL	91.36	-1.34%
TotalEnergies SE TTE	90.99	-2.62%
MITSUI & CO MITSY	781.08	-1.63%

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.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.