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Mitsui seeks LNG investments as data centers boost power demand

Latest articles - The Japan Times·Mitsui seeks LNG investments as data centers boost power demand·3 days ago
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Kenichi Hori, CEO of Mitsui & Co., speaks during an interview in Tokyo on Thursday.

Kenichi Hori, CEO of Mitsui & Co., speaks during an interview in Tokyo on Thursday. | BLOOMBERG

Mitsui & Co. is looking to invest in liquefied natural gas (LNG) projects across the Middle East, the United States and Australia, its CEO has said, as the Japanese trading house positions itself to meet rising power demand from data centers worldwide.

“We’re always looking for expansion opportunities in LNG and gas chemicals,” Mitsui CEO Kenichi Hori said, adding that Mitsui would consider taking equity stakes or securing offtake agreements.

Companies seeking clean energy to power artificial intelligence infrastructure are creating “big additional demand” for LNG, Hori added.

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