Investor Presentaiton
Mitsubishi Corporation
May 9, 2023
Mitsubishi Corporation
Involvement in LNG Projects Natural Gas Group
<Existing Projects in Production>
*1 Business Segment:
A Investment in exploration & development (upstream), B Investment in liquefaction plant, C Marketing and/or import agent, D Shipping
Project
Beginning
Annual Production
of
Capacity (Million Ton)
Production Total MC's share
Buyer
Seller
Shareholding
MC's
Participa-
tion
Business
Contribu-
tion *1
Brunei
1972
7.2
1.8
25% Mainly Asia, with a focus on the Far East.
Brunei
LNG
Brunei Gov. (50%), Shell (25%), MC (25%)
1969
ABCD
Malaysia I
1983
8.4
0.42
5% Tokyo Gas, Saibu Gas, etc.
(Satu)
Malaysia II
1995
9.6
0.96
(Dua)
North West
1989
16.9
1.41
Shelf
2005
Oman
2000
7.1
0.20
Qalhat
3.3
0.13
4%
Tohoku Elec., Tokyo Gas, Shizuoka Gas,
10% Sendai City Gas Authority, ENEOS Holdings,
etc.
JERA, Tokyo Gas, Shizuoka Gas, Toho Gas,
8.33% Kansai Elec., Osaka Gas, Kyushu Elec.,
Guangdong Dapeng LNG, etc.
2.77% Osaka Gas, Korea Gas, Itochu Corp., bp, etc.
Osaka Gas, Mitsui & Co., Union Fenosa Gas,
etc.
Malaysia
LNG
PETRONAS (90%), Sarawak Gov. (5%),
MC (5%)
1978
ABCD
PETRONAS (80%), Sarawak Gov. (10%), MC
(10%)
1992
ABCD
Woodside (33.3%)
NWS JV
Shell, bp, Chevron, MIMI [MC/Mitsui & Co.
1985
AB CID
=50:50], 16.7% respectively
Oman Gov. (51%), Shell (30%),
Oman LNG
1993
A
TotalEnergies (5.54%), MC (2.77%), etc.
Qalhat
LNG
Oman Gov. (46.8%), Oman LNG (36.8%),
Naturgy (7.4%), Osaka Gas (3%), MC (3%),
etc.
2006
ABC D
Oil: 2008
Russia
(year-round
9.6
0.96
Sakhalin 2
production),
LNG: 2009
JERA, Tokyo Gas, Kyushu Elec., Toho Gas,
10% Hiroshima Gas, Tohoku Elec., Saibu Gas,
Osaka Gas, Korea Gas, etc.
Gazprom (50%),
Sakhalin
Energy LLC
Sakhalin Energy LLC (27.5%),
Mitsui & Co. (12.5%), MC (10%)
1994*
(*PSA
execution)
ABIC
D
Indonesia
Tangguh
2009
7.6
0.75
9.92%
Tohoku Elec., Kansai Elec., SK E&S,
POSCO, Fujian LNG, Sempra, PLN, etc.
Tangguh
JV
Bp (40.2%), MI Berau [MC/INPEX=56:44]
(16.3%), KG Berau [MIBJ (MC/INPEX=56:44)
16.5%, Mitsui & Co. 20.1%, JX Nippon Oil &Gas
Exploration 14.2%, JOGMEC 49.2%] (8.6%), etc.
(*)
2001
ABCD
Indonesia
Donggi
2015
2.0
0.9
44.9% JERA, Korea Gas, Kyushu Elec., etc.
- Senoro
Wheatstone
2017
8.9
0.28
3.17%
Chevron, KUFPEC, Woodside, Kyushu Elec.,
PEW, etc.
PT.Donggi-
Senoro
LNG
Equity
Lifting Model
Sulawesi LNG Development Limited [MC/Korea
Gas 75:25] (59.9%),
2007
ABCD
PT Pertamina Hulu Energi (29%),
PT Medco LNG Indonesia (11.1%)
Cameron
2019
12.0
4.0
*3
33.3%
*2
Tolling
Chevron (64.136%), KUFPEC (13.4%),
Woodside (13%), Kyushu Elec. (1.464%), PEW
(8%; of which MC holds 39.7%)
2012
ABCD
MC, Mitsui & Co., TotalEnergies (Toller)
*3
Model *2
Sempra (50.2%), Japan LNG Investment
[MC/NYK 70:30] (16.6%), Mitsui & Co.
(16.6%), Total Energies (16.6%)
2012
ABCD
Total
92.6
11.81
<Projects under Construction>
*2 LNG is procured and sold by each company according to either the ratio of interest (Equity Lifting Model)/or equity in the
liquefaction contract (Tolling Model) respectively. *3 MC's offtake volume based on the tolling agreement with Cameron LNG.
Indonesia
Tangguh
2023
3.8
0.38
9.92% PLN, Kansai Elec.
Tangguh JV
Same as (*)
2001
A B CD
(Expansion)
LNG Canada
Mid 2020's
14.0
2.1
*4
15%
*4
Shell, PETRONAS, PetroChina, MC,
Korea Gas
Equity
Lifting
Shell (40%), PETRONAS (25%), PetroChina
(15%), Diamond LNG Canada Partnership
2010
AIB CID
Model *2
(MC, etc 15%), Korea Gas (5%)
Total
17.8
2.48
*4 MC's offtake volume.
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