Mitsubishi to acquire shale gas assets in Texas and Louisiana in a $7.5 billion deal

Mitsubishi to acquire shale gas assets in Texas and Louisiana in a $7.5 billion deal

Published Thu, Jan 15 2026

11:50 PM EST

Key Points

• The company will spend $5.2 billion in an equity purchases, and take on $2.33 billion in Aethon's debt.
• Mitsubishi said that the investment will strengthen the earnings base of the company's natural gas and LNG businesses.

Signage outside the Mitsubishi Corp. head office in Tokyo, Japan, on Thursday, Jan. 15, 2026. Mitsubishi agreed to buy Aethon Energy Management LLC's US gas and pipeline assets for $5.2 billion, the biggest purchase by a Japanese company in the American shale sector. Photographer: Takaaki Iwabu/Bloomberg via Getty Images

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Mitsubishi Corporation said on Friday that it will acquire shale gas assets in the U.S. in a $7.53 billion deal, including debt, as the Japanese trading house looks to build on its presence in the U.S. energy market.

Mitsubishi will acquire the assets from Aethon Energy Management in Texas and Louisiana in a transaction that includes $5.2 billion in equity purchases and $2.33 billion in Aethon's debt.

In a filing with the Tokyo Stock Exchange, Mitsubishi said that the investment will strengthen the earnings 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, chemicals production, and related businesses," the company said.

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Shares of Mitsubishi fell 2% after the transaction was announced.

The company has multiple investments in natural gas, with projects in Alaska, Malaysia, Canada and Indonesia, among others.

The company said it plans to expand in the U.S. by engaging in power generation and manufacturing businesses that capitalize on competitive upstream gas projects.

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