A sign outside Mitsubishi Corp headquarters in Tokyo on Thursday, January 15, 2026. Mitsubishi has agreed to buy the gas and pipeline assets of U.S.-based Aethon Energy Management LLC for $5.2 billion, the largest acquisition by a Japanese company in the U.S. shale sector. Photographer: Takaaki Iwabu/Bloomberg via Getty Images
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Mitsubishi Corporation The Japanese trading house said on Friday it would buy US shale gas assets in a $7.53 billion deal, including debt, as it seeks to strengthen its presence in the US energy market.
Mitsubishi will buy assets from Texas and Louisiana-based Aethon Energy Management, which will include a $5.2 billion stock purchase and $2.33 billion in Aethon debt.
In the application Mitsubishi said with the Tokyo Stock Exchange that the investment will strengthen the revenue base of the company’s natural gas and LNG businesses.
It will also accelerate efforts to build an integrated value chain in the United States “from upstream gas development to power generation, data center development, chemical production and related businesses,” the company said.
Mitsubishi shares fell 2% after the deal was announced.
The company has many natural gas investments, including projects in Alaska, Malaysia, Canada and Indonesia.
The company said it plans to expand into a power generation and manufacturing business that runs competitive upstream gas projects in the US.