The Extension of Oman LNG Businesses Interest

We, Mitsubishi Corporation (MC), are pleased to announce the agreement between Oman government to extend MC’s interest in Oman LNG Businesses.

 

Following the agreement, commemorative ceremony was held in Oman on 23^rd October, 2023 and each shareholder has signed the Shareholders Agreement of the respective LNG operating companies; Oman LNG and Qalhat LNG. The shareholders of each company is as follow:

 

By maintaining its interests in the Oman LNG Businesses, MC will further deepen friendly relationship with the Sultanate of Oman and will also contribute to both stable supply of energy and low/decarbonized social and economic activities.

＜Commemorative ceremony＞

 

 

 

 

Based on the Three Corporate Principles, which serve as MC’s core philosophy, MC has continued to grow together with society by contributing to the sustainable development of society through its business activities while pursuing value creation. MC’s revised “Materiality” was announced in Midterm Corporate Strategy 2024 as a set of crucial societal issues that MC will prioritize through its business activities, towards the strategy’s goal of continuous creation of MC Shared Value (MCSV). Guided by this Materiality, MC will continue to strengthen its efforts towards sustainable corporate growth. Out of the six material issues relating to “Realizing a Carbon Neutral Society and Striving to Enrich Society Both Materially and Spiritually”, this project’s activities particularly support “Contributing to Decarbonized Societies” and “Promoting Stable, Sustainable Societies and Lifestyles”.