LNG

Mitsui & Co., the Japanese conglomerate and LNG market participant in the shipping and project sectors, has completed the takeover of Australian natural gas operator AWE and has immediately agreed to acquire a gas plant in the state of Victoria in southeast Australia.

Origin Energy, a stakeholder in the Australia Pacific LNG venture, has agreed to spend A$250 million (US$201M) to take full control of the Otway gas project comprising two South Australian natural gas fields and other assets as it prepares to spin-off some of its upstream energy business.