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Mitsui Seeks LNG Investments to Meet Rising Data Center Power Demand

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Mitsui & Co. is seeking investment opportunities in liquefied natural gas projects across the Middle East, the US and Australia as growing demand from data centers boosts power consumption, Bloomberg reported Thursday.

Chief Executive Kenichi Hori told Bloomberg the Japanese trading house is considering both equity investments and LNG offtake agreements as part of its expansion strategy.

Hori said companies building artificial intelligence infrastructure are creating significant additional demand for LNG, according to the report.

Bloomberg reported Mitsui is evaluating new energy investments under its latest mid-term strategy and may increase leverage to fund growth, citing its strong balance sheet.

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Cheniere Energy Partners (CQP) said Thursday its Sabine Pass Liquefaction Stage V subsidiary signed an engineering, procurement and construction contract with Bechtel Energy for the first phase of the Sabine Pass expansion project.The company said the first phase includes construction of Train 7, a boil-off gas re-liquefaction unit and related infrastructure at the Sabine Pass liquefied natural gas terminal.The phase is expected to produce more than 6 million tonnes per annum of LNG, including debottlenecking capacity, Cheniere said.Cheniere said it expects to make a final investment decision on phase 1 by early 2027.

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