Mitsubishi has struck a deal with Aethon to buy assets worth $5.2 billion in Texas and Louisiana in what would be the largest Japanese investment in U.S. natural gas production to date.
The U.S.-EU trade deal calls for the European Union buying $250 billion worth of American energy every year over the next three years. While additional U.S. energy supply would further help the bloc on its path to ditch Russian energy imports within a couple of years, the volumes needed to meet the goal in the trade deal are so high that they are unrealistic, according to analysts.