Mitsubishi Doubles Down on Canadian LNG Amid Middle East Shipping Disruptions

Mitsubishi Corporation is significantly increasing its investment in the LNG Canada project. The Japanese trading house plans to add $3.2 billion to its existing stake, taking advantage of alternative energy supplies amid disruptions to Middle Eastern shipments.

The company's partnership with British and Malaysian oil firms aims to liquefy Canadian natural gas for export, with production starting in July 2025 at a capacity of 14 million tons per year.

Mitsubishi intends to double this output by the early 2030s, targeting annual exports of 4.2 million tons primarily to Japan. By tapping into Canada's resources, Mitsubishi seeks to ensure stable energy supplies for its customers with shorter shipping routes and reduced risk compared to Middle Eastern alternatives.