28 March 2024
Mitsubishi to invest in Penn West shale gas project in Canada
Publication date: 24 August 2010
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Mitsubishi Corporation, Japan’s largest trading company has signed a C$450 million agreement for a 50% stake in Penn West Energy’s (PWE) shale gas project in the Cordova Embayment of north-eastern British Columbia. Mitsubishi said in a statement today: “The potential of this enormous resource could greatly exceed Japan's natural gas annual demand.”