Investors led by the Kuroishi Group agreed to buy shares in the liquefaction business of the Canadian LNG project from a subsidiary of Mitsubishi Corporation for 3.1 billion US dollars. The transaction acquired 49.9% of the Mitsubishi subsidiary's LNG Canada business. Other participating investors include the Canada Pension Plan Investment Board, the Ontario Municipal Employee Retirement System, the Ontario Investment Management Company, and the Public Sector Pension Investment Commission. According to a statement issued on Monday, Japan's major liquefied natural gas supplier Mitsubishi Corporation will still maintain its status as a controlling partner and hold the full share of the LNG offtake in the project.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.