Japan’s Mitsubishi Boosts Stakes in Malaysian LNG Projects

Mitsubishi Corporation is boosting its equity stakes in one of the world’s single largest LNG-producing facilities in Malaysia after signing agreements with Malaysian state-owned oil and gas giant Petronas. On Friday, Mitsubishi and Petronas announced the signing of agreements under which Mitsubishi Corporation will invest in the Malaysia LNG units Dua and Tiga over the next decade. The Japanese firm announced an extension of its 10% equity shareholding in MLNG Dua, and the reinvestment of a 10% equity shareholding in MLNG Tiga in ten-year…