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In the Energy Business Group, we develop and invest in oil and gas projects. We also deal in products relating to crude oil, petroleum, liquefied petroleum gas (LPG), liquefied natural gas (LNG), and carbon.
Our operating environment has changed dramatically from just a few years ago. Oil and gas prices are soaring, resource nationalism is emerging in oil- and gas-producing countries, and geopolitical risks are mounting, among other trends. However, the strength of this business group is the relationships of trust we have build with users in Japan and overseas over many years as well as our wide-ranging partnerships with the main oil- and gas-producing countries and oil majors such as Royal Dutch/Shell Group. Underpinned by these strengths, we are determined to continue contributing to society through the stable supply of energy. The basic philosophy of the Energy Business Group is—to constantly create value and enhance Mitsubishi Corporation's enterprise value with the aim of becoming a true global energy company that contributes to a stable energy supply. We have risen to the challenge of various issues and developed our business in Japan and elsewhere in Asia, where demand for energy is growing, and in other parts of the world, too. In our natural resources investment business, such as oil and gas exploration and production (E&P) projects and LNG projects, we will continue to work to ensure each project is operating safely and smoothly. These projects will underpin our earnings. At the same time, we will do our utmost to identify and secure new projects. Trading in petroleum, carbon and LPG is another business in our overall energy portfolio. Here our goal is to raise gross profit through further business expansion.
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