Japanese Trading House Mitsui Buys Shale Gas Asset in Texas

Japanese trading house Mitsui & Co. Ltd bought a shale gas asset in Texas that it seeks to bring to full-scale development after 2026.

Mitsui’s US-based subsidiary purchased the 46,500 acre asset named Tatonka in Texas from Sabana LLC and Vanna LLC, it said Monday, without disclosing a price. It will drill wells to evaluate the site, which has access to liquefied natural gas export terminals and ammonia plants on the Gulf Coast.

Mitsui last year boughta 92% stake in a shale gas asset in South Texas from Silver Hill Eagle Ford, as Japanese companies bet that demand for ...