Mitsubishi Corp. has agreed to acquire all equity interests in Aethon III LLC, Aethon United LP, and related entities and interests, marking MC’s entry into the US shale gas business.
Mitsubishi Corp. (MC) has agreed to acquire all equity interests in Aethon III LLC, Aethon United LP, and related entities and interests, marking MC’s entry into the US shale gas business.
The $5.2-billion equity deal is aimed at strengthening MC’s integrated energy and power business, the company said in a release Jan. 15, 2026.
MC’s North American energy assets include upstream shale gas development with Ovintiv in British Columbia, midstream marketing and logistics through CIMA Energy in Houston, LNG exports via LNG Canada and Cameron LNG, and power generation through Diamond Generating Corp.
Aethon’s shale gas assets primarily lie in the Haynesville shale formation, spanning Texas and Louisiana, and currently produce about 2.1 bcfd of natural gas.
Haynesville is a supply source of natural gas for the southern US market and offers access to multiple LNG export plants, including Cameron LNG.
