Overview
- Mitsubishi will pay $5.2 billion for equity and assume about $2.33 billion of Aethon’s debt, according to its Tokyo Stock Exchange filing.
- The assets sit in the Haynesville shale across Texas and Louisiana, offering pipeline links to Gulf Coast LNG terminals, including Cameron LNG where Mitsubishi holds capacity rights.
- Aethon’s properties produce roughly 2.1 billion cubic feet of gas per day, with Mitsubishi projecting output could peak near 2.6 bcf/d by 2028.
- The transaction requires regulatory approvals, with closing guided for early-to-mid 2026 based on company estimates.
- Mitsubishi and Aethon announced a non-binding, non-exclusive global alliance to explore opportunities in LNG, carbon capture, geothermal, low‑carbon solutions and digital infrastructure.