Mitsubhishi Announced Major Investment in US LNG Project in Brunei

SEATTLE (Oil Monster): Japan’s Mitsubishi Corporation has announced an investment of nearly $270 million in a $1.4 billion liquefied natural gas (LNG) project in Brunei, strengthening its position in the Asian energy market. The investment will be made in Block CA2, an offshore deepwater gas field located about 100–125 kilometers northwest of Brunei Darussalam, according to an official company statement.

Mitsubishi will partner with Malaysia’s national oil company Petronas and Brunei’s state-owned Brunei Energy Export to develop the Kelidang Cluster gas fields, which include Kelidang North East and Keratau. The partners have made a final investment decision (FID) to move forward with the large-scale development.

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The company will participate through its wholly owned subsidiary, Diamond Energy Exploration & Production (DEEP), which holds an 18.75% stake in the CA2 project. Commercial production is expected to begin around 2030, with a planned output of approximately 390 million standard cubic feet per day (mmscf/d).

The extracted gas will be transported to the Brunei LNG plant, the country’s only LNG export facility, with a capacity of 7.2 million tonnes per year. The LNG produced will be supplied to Japan and other Asian markets, supporting regional energy security and cleaner fuel transitions.

In recent years, Brunei LNG’s exports have averaged around 5 million tonnes annually, and the new project is expected to help boost the country’s LNG output while strengthening Mitsubishi’s long-term energy supply chain.