Japan’s Mitsubishi may consider investing in Alaska LNG project, CEO says
Written by Yuka Opishi
CEO Katsuya Nakanyshi said on Thursday that Tokyo (Reuters) -the Japanese Trade Council at Mitsubishi Corp may consider investing in a LNG project in Alaska, although any decision will require a careful review.
A delegation in Alaska visited Japan last week to find policy makers and meet potential supporters of the $ 44 billion natural gas project in the US state, which is part of president Donald Trump’s payment to enhance US gas exports.
“We have been contacted and thought about,” Nakanychi told reporters when they were asked about possible participation in the Alaska LNG project.
“However, we need to conduct comprehensive due care,” he said, noting that this project has been proposed several times in the past and not new to the Trump administration.
Mitsubishi plans to carefully evaluate its feasibility, taking into account factors such as a distance of 1300 km (808 miles) to the West Coast, the need to build the liquefaction facilities, and the future demand for liquefied natural gas in Southeast Asia and other regions.
According to Alaska officials, the project is likely to attract American investors for most of the pipelines, while any royal rights from Japan or other Asian buyers are likely to be linked to abandoning the T -otine factory that will prepare gas for export.
Trump announced on Wednesday a 10 % tariff for most imported goods to the United States, as well as a significant increase in dozens of competitors and allies, including Japan. Nakanychi said that there could be opportunities provided by the definitions as well, but the company will carefully evaluate the risks.
Bold investment plan
On Thursday, Mitsubishi said it was planning to invest at least 4 trillion yen ($ 27 billion) over the next three years to push growth and aim to raise its net profit to 1.2 trillion yen in the fiscal year 2027/2028.
Mitsubishi, whose new administrative strategy for three years starting this month, has revealed that it will maintain its basic policy of distributing progressive profits and rebuilding flexible shares, including a plan to buy up to 1 trillion yen from its shares from April 4 to March 31, 2026.
Over a period of three years, Mitsubishi plans to customize about 1 trillion yen to maintain capital spending and more than 3 trillion of growth investments.
In a scenario where it has a monetary increase, the company will evaluate the allocation of these funds for investments or additional shareholders ’returns after considering the investment pipeline and other factors, according to its statement.
In February, Mitsubishi, who received 52.2 billion yin, finishes twice the yen on local external wind projects in the period of nine months ending in December, with a net profit of 950 billion yen for this year that ended on March 31.
2025-04-03 04:24:00
