Killajoules

MHI Completes Development of "EXTREM," New-generation LNG Carrier
Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of a new-generation liquefied natural gas (LNG) carrier marking an evolutionary advance from Moss-type*1 LNG carriers. The new vessel-type dubbed "EXTREM" is a type of newly developed "Sayaendo*2" Series, which features a peapod-shaped continuous cover for the Moss spherical tanks that is integrated with the ship's hull, in lieu of a conventional hemispherical cover. The new configuration enables greater structural efficiency and size and weight reductions, resulting not only in improvements in fuel consumption and operating economy but also in enhancements in terms of compatibility with LNG terminals and maintainability. MHI looks for the EXTREM to become a strategic product that will lead the LNG carrier market. The company is now targeting early order receipts.

Mitsubishi Corporation Participation of Korea Gas Corporation in Canada's Shale Gas Development Project
Mitsubishi Corporation (MC) has today announced that it has agreed to collaborate with Korea Gas Corporation (KOGAS, headquartered in Seongnam City, South Korea) in developing a natural gas project centered on shale gas in the Cordova Embayment of northeastern British Columbia, Canada, into which MC has been promoting from last September together with Penn West Exploration (PWE, headquartered in Calgary), a senior independent Canadian oil and natural gas producer.

Consortium to Develop Shale Gas in Canada and Funding to be Provided by JBIC
A consortium comprising Mitsubishi Corporation (“MC”, headquartered in Chiyoda-ku, Tokyo, President & CEO: Ken Kobayashi), Japan Oil, Gas and Metals National Corporation (“JOGMEC”, headquartered in Minato-ku, Tokyo, President: Hirobumi Kawano), Chubu Electric Power Co., Inc.(“Chubu Electric”, headquartered in Higashi-ku, Nagoya, President & Director : Akihisa Mizuno), Tokyo Gas Co., Ltd.(“Tokyo Gas”, headquartered in Minato-ku, Tokyo, President: Tsuyoshi Okamoto) and Osaka Gas Co., Ltd（“Osaka Gas”, headquartered in Chuo-ku, Osaka, President: Hiroshi Ozaki）. has agreed to collaborate on a shale gas project in northeastern British Columbia, Canada, into which MC invested last September. This is the first time Japanese utilities and gas companies have been involved in shale gas development.

MC Signs MOU with Korea Gas Corporation in Natural Gas Business
Mitsubishi Corporation (MC) and Korea Gas Corporation (KOGAS, headquartered in Seongnam City, South Korea) today signed a Memorandum of Understanding (MOU) for strategic collaboration in their natural gas businesses, mainly for liquefied natural gas (LNG) projects under the presence of the CEOs of both companies.

Mitsubishi - Acquisition of Working Interest in Senoro-Toili Natural Gas Field in Indonesia
Mitsubishi Corporation (MC) is pleased to announce that it has acquired all the shares of Tomori E&P Limited, which owns a 20% working interest in the Senoro-Toili natural gas field, from PT. Medco Energi Internasional Tbk, Indonesia’s largest private-sector energy company. The purchase price is US$260 million (approx. 21.5 billion yen). The Senoro-Toili natural gas field is located in Central Sulawesi Province, Indonesia.

Final Investment Decision on Donggi-Senoro LNG Project in Indonesia
Mitsubishi Corporation (MC) is pleased to announce that the final investment decision (FID) on the Donggi-Senoro LNG (DSLNG) project in Indonesia was made. The project, for the construction and operation of a natural gas liquefaction facility (LNG plant), is being spearheaded by PT Donggi-Senoro LNG (PT DSLNG), a company 51% owned by MC. Total cost is estimated to be approximately 2,800million USD (230 billion JPY). Indonesia has the largest natural gas reserves in Southeast Asia and is the world’s third largest LNG exporter. The DSLNG project will be Indonesia’s fourth LNG project and the second involving MC, after the Tangguh project.