Mitsui & Co, one of Japan’s largest trading companies, is shifting the focus of its energy operations from the traditional crude oil business to liquefied natural gas, on the back of growing Asian demand for cleaner fuels.
“We’re not that keen on liquid, we are now shifting more to gas,” Tatsuo Yasunaga, chief executive of Japan’s second-largest trading house by market capitalisation, told the Financial Times in an interview.
His comments come as natural gas demand is expected to grow faster than oil or coal in the energy markets, as an increasing amount of the super-cooled fuel is shipped around the globe.
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