Mitsubishi officially became one of the largest natural gas producers in the U.S. on Wednesday, following a $7.5 billion deal that positions the Japanese giant to benefit from the surge in gas exports—especially to Japan—as well as from the AI data center boom that increasingly thirsts for more gas-fired power.
Mitsubishi closed on its largest acquisition ever July 15, scooping up the assets of Dallas-based Aethon Energy. Little-known Aethon was the nation’s third-largest, privately held energy producer in the U.S., and the biggest focused exclusively on natural gas.
