Killajoules

MHI to Build First "Sayaendo" New-generation LNG Carrier
Mitsubishi Heavy Industries, Ltd. (MHI), has agreed with Osaka Gas International Transport Inc. (OGIT), a group company of Osaka Gas Co., Ltd., and Mitsui O.S.K. Lines, Ltd to build two new-generation liquefied natural gas (LNG) carriers. The event will represent the first construction of the "Sayaendo" Series, which significantly improves fuel consumption and maintainability through various features, including enhancement of ship structure efficiency. Two LNG carriers are slated for delivery in 2014 and 2015, respectively.

Closing of the loan agreement to PDVSA
Marubeni Corporation, Itochu Corporation and Mitsui & Co., Ltd. (herein after referred to as our “Parties”) finalized the agreement for loan facilities in the amount of US$ 750 million (loan period: 15 years) granted to Petróleo de Venezuela S.A. ("PDVSA"), with the support of Japan Bank of International Cooperation ("JBIC") and Nippon Export and Investment Insurance (“NEXI”).

The First Japanese participation in European shale gas projects
Mitsui & Co., Ltd. ("Mitsui") is pleased to announce that it has entered into a definitive agreement with subsidiaries of the U.S. oil and gas development company, Marathon Oil Corporation (NYSE: MRO) ("Marathon"), to acquire a 9% working interest in 10 of Marathon's Paleozoic shale gas exploration concessions in the Republic of Poland ("Poland"). Another partner is a subsidiary of Nexen Inc. ("Nexen"), which owns a 40% working interest of the concessions. The closing of the transaction is subject to the statutory approval by the relevant Polish governmental authorities and Nexen. Mitsui is the first Japanese company to enter into a European shale gas project.