Japan's Mitsubishi to acquire stake in Petronas LNG plant, Nikkei reports
Petrol
:Japanese conglomerate Mitsubishi will acquire a 10 per cent stake in a natural gas facility operated by Malaysian state energy giant Petroliam Nasional for a 10-year period, the Nikkei reported on Thursday. Mitsubishi had previously owned a 4 per cent interest in the project but the facility's contract expired in 2022. Now, the company will acquire 10 per cent of the same plant by the end of fiscal 2024, the Japanese newspaper reported. Mitsubishi also owns 10 per cent of a different LNG plant
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