A group of investors led by Blackstone Inc. acquired 49.9% of Mitsubishi Corp.'s subsidiary, which owns a stake in the LNG Canada project, the largest alternative investment management company in the world announced. The transaction reached #036;3.1 billion. Other participants in the deal were the Canada Pension Plan Investment Board, the Municipal Employees Pension System of Ontario, the Ontario Investment Management Company and the Public Sector Investment Board. Mitsubishi owns 15% of the project. After the transaction, Mitsubishi will retain its status as a controlling partner and the right to select Limousine natural gas from the project. LNG Canada is Canada's first production and export project. Other partners are Shell (40%), Petronas (25%), Petrosin (15%) and Korea Gas Corporation (5%). In September, the partners made a final decision to invest in the second phase of the project, which will double the plant's production capacity from 14 million to 28 million tons. The lines are intended to start working in early 2030. LNG production under the Canada LNG project, located in the province of British Columbia in Western Canada, began in 2025, the scope of investment in the project at the beginning of its construction is estimated at approximately 40 billion Canadian dollars (& #036;28.6 billion).

A group of investors led by Blackstone Inc. acquired 49.9% of Mitsubishi Corp.'s subsidiary, which owns a stake in the LNG Canada project, the largest alternative investment management company in the world announced. The transaction reached #036;3.1 billion. Other participants in the deal were the Canada Pension Plan Investment Board, the Municipal Employees Pension System of Ontario, the Ontario Investment Management Company and the Public Sector Investment Board. Mitsubishi owns 15% of the project. After the transaction, Mitsubishi will retain its status as a controlling partner and the right to select Limousine natural gas from the project. LNG Canada is Canada's first production and export project. Other partners are Shell (40%), Petronas (25%), Petrosin (15%) and Korea Gas Corporation (5%). In September, the partners made a final decision to invest in the second phase of the project, which will double the plant's production capacity from 14 million to 28 million tons. The lines are intended to start working in early 2030. LNG production under the Canada LNG project, located in the province of British Columbia in Western Canada, began in 2025, the scope of investment in the project at the beginning of its construction is estimated at approximately 40 billion Canadian dollars (& #036;28.6 billion).