Mitsubishi Corporation formally announced plans to double the production capacity of an LNG business operated by its Canadian joint venture. Total project costs are expected to be in the several-trillion-yen range, of which the company is reportedly expected to invest ¥500 billion.
Mitsubishi Corporation announced plans to double the production capacity of a liquefied natural gas (LNG) business operated by its Canadian joint venture. The article does not provide details of the background to the doubling plan or the specific measures involved, but describes it as a large-scale investment policy aimed at expanding the business.
Under the plan, total project costs are expected to be in the several-trillion-yen range, with Mitsubishi Corporation expected to invest approximately ¥500 billion. Further official announcements or supplementary information are awaited regarding the use of funds and the specific project schedule.
The article was based on a Kyodo News report and presents only the fact that Mitsubishi Corporation has indicated a policy of expanding its LNG business in Canada. A list of other reports from the same date is also included as related news.