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Mitsubishi Corp. will acquire Aethon's shale gas assets in Texas and Louisiana for $5.2 billion, marking its largest acquisition. The assets produce approximately 2.1 billion cubic feet of natural gas daily, equivalent to 15 million tons of LNG annually.

The transaction includes $5.2 billion in equity purchases and $2.33 billion in debt. This investment aims to enhance Mitsubishi's natural gas business and establish a comprehensive value chain in the U.S., involving upstream gas development, power generation, data center development, and chemicals production. Aethon's natural gas is sold in the Southern U.S., with potential exports to Asia and Europe.