Japanese trading house Mitsui & Co is looking to invest in LNG projects across the Middle East, the US and Australia to meet rising power demand from data centres, Bloomberg News reported, citing CEO, Kenichi Hori.
Hori said that the company will consider taking equity stakes or securing supply agreements in LNG and gas chemical companies, adding that demand for LNG was booming, as companies sought clean energy to power AI infrastructure.
"Without securing energy, it is impossible to implement solutions," Hori told Bloomberg, adding that one possible approach could involve a consolidated entity focused on the entire supply chain for data centres.
Mitsui, in which Berkshire Hathaway owns a 10% stake, is one of Japan's top five trading houses and has a portfolio spanning fossil fuel production and trading, renewable energy and food.
Mitsui already has an interest in ADNOC's Ruwais LNG export plant and will consider further investment in the Middle East, Hori said.
Last year, the company signed a long-term agreement with Venture Global to supply 1 mill tonnes per annum of LNG. (June 1, 2026, Source: https://lngjournal.com/index.php/latest-news-mainmenu-47/item/116473-mitsui-co-looks-to-expand-lng-portfolio)
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