Energy Division-I News & Topics
Start of Shipments at Peru LNG Project
The Peru LNG Project
Operations are progressing smoothly at the Peru LNG Project, South America’s first LNG operation, where shipments began in June 2010.
This is Marubeni's third LNG project following others in Qatar and Equatorial Guinea. The Company aims to secure competitive advantage in the supply of LNG to the Pacific Rim region, where market growth is anticipated.
Mitsui Marubeni Liquefied Gas Completes LPG Business Integration
Founding of ENEOS GLOBE Corporation
In March 2011, Mitsui Marubeni Liquefied Gas Co., Ltd., in which Marubeni holds a 40% stake, merged with part of the LPG business of JX Nippon Oil & Energy Corporation to launch a new company, ENEOS GLOBE Corporation.
LPG is an eco-friendly and distributable energy resource. As the leading LPG company in Japan, this new company will work to meet the expectations of customers and satisfy their needs.
Participation in Development Project with U.S. Shale Oil
Signing ceremony with Marathon Oil Corporation
Marubeni concluded an agreement with Marathon Oil Corporation to purchase interests held in a shale oil mining block in the Niobrara area in the Midwestern United States. This area has grabbed attention as a promising shale oil mining block.
Accordingly, Marubeni will promote drilling and production activities at the project as one that will contribute to medium- to long-term earnings.
