Japan's Mitsui pivots back to Middle East with LNG project in UAE

Trading house makes first natural gas foray in 5 years as Russia, Mozambique plans falter

20240711N Mitsui LNG

Mitsui & Co. first got involved in the LNG business in the United Arab Emirates in the 1970s. (Mitsui & Co.)

KEIGO YOSHIDA, Nikkei staff writer

TOKYO -- Mitsui & Co. will take a 10% interest in a $5.5 billion liquefied natural gas project in the United Arab Emirates, the Japanese trading house said Thursday, gravitating back toward the region where it got its start in the field.

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