Brunei LNG project
LNG business Brunei LNG project
The first large-scale LNG project in which Japanese companies participated in
Mitsubishi Corporation's participation in the Brunei LNG Project came about through a decision to partner with Shell for LNG production and its export to Japan. Shell had discovered promising gas fields off the shores of Brunei in 1963. In 1969, the partnership between the two companies led to the establishment of Brunei LNG Sdn. Bhd. (Brunei LNG) together with full support and investment from Brunei government. The newly established company set about building an LNG infrastructure with facilities ranging from a natural gas liquefaction plant and pier-docking facilities for shipping to LNG pipelines. The joint venture's first LNG shipment from Brunei to Japan arrived in 1972 and a stable supply has been provided ever since. LNG produced in Brunei has contributed to the development of Japanese industry and improvement of daily life in Japan for nearly 50 years. Furthermore, in 2000 and after, Mitsubishi Corporation has acquired ownership of companies owning LNG carriers to join LNG transportation sector and also participated in a Brunei deepwater upstream oil & gas block. Over the past 50 years, Mitsubishi Corporation has built a value chain that covers throughout upstream, liquefaction & sales and transportation.
|Shareholder composition||Government of Brunei (50%), Shell (25%), Mitsubishi Corporation (25%)|
|Location||Lumut, Brunei Darussalam|
|Equity share of production capacity||1,800,000 tons/year|