Mitsubishi Eyes $8 Billion Shale Gas Acquisition ...Middle East

OILPRICE - Economy
Mitsubishi Eyes $8 Billion Shale Gas Acquisition
source : OILPRICE ( Middle East ) () 31
Mitsubishi Corp. is about to acquire the shale and pipeline assets of Aethon Energy Management and is ready to pay up to $8 billion for them, Reuters has reported, citing unnamed sources. The deal would give Mitsubishi a solid presence in shale gas, the publication said, adding the assets were conveniently located close to the Gulf Coast and all the LNG plants already operating and getting built there. The negotiations on the deal are still ongoing and the acquisition may yet fall through, the Reuters sources said. Aethon Energy Management has…

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