Mitsui Expands Shale Footprint With Texas Purchase

Japanese trading major Mitsui has acquired more shale acreage in Texas as it seeks to expand its presence in the prolific region. The asset, dubbed Tatonka, was sold by two private companies—Sabana LLC and Vanna LLC, Mitsui said in a news release. It also noted that the asset has access to the Gulf Coast industrial area including export terminals for liquefied natural gas and ammonia production facilities. “In the U.S.

Saudi Aramco was also recently reported to be interested in entering U.S. LNG with a stake in a project at the planning stage and a long-term offtake contract with the operator of another facility. The project Aramco eyes a stake in is Tellurian’s troubled Driftwood LNG facility, which has been plagued by delays, with the company saying earlier this year it planned to make the final investment decision on the project by the end of 2024.

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