Bloomberg News reports that Mitsui is looking to invest in LNG to meet the power needs of data centers.

Bloomberg News reported on Thursday that the CEO of Japanese trading house Mitsui was looking to invest in LNG projects in the Middle East, Australia, and even the U.S. to meet data center power demand.

Hori, a Bloomberg News reporter, said that the company would consider taking equity stakes in or securing agreements with LNG and gas chemical firms. He added that LNG demand was "booming" as companies looked for clean energy to power AI-related infrastructure.

Mitsui didn't immediately respond to our request for comment.

Berkshire Hathaway has a 10% stake in the company. It is one of Japan’s five largest trading houses. The portfolio includes fossil fuel production,?trading and renewable energy, as well as?food.

Hori stated earlier this month Mitsui wished to "capture the upside opportunities in energy while remaining cautious".

Japan, which is one of the most vulnerable countries in the world to disruptions of energy imports, has increased diplomatic efforts. It has pledged billions of dollars to help cushion the shock of the Iran War and the closing of the Strait of Hormuz.

Bloomberg News reported that Mitsui has already expressed an interest in the Ruwais LNG export facility of Abu Dhabi National Oil Co. The company will also consider further investments in the Middle East.

The company signed an agreement last year with Venture Global for the supply of?1.0 millions metric tons?per annum?of LNG.

Mitsui is also a partner with Woodside on Australia's North West Shelf Project, which is the country's second largest and oldest LNG plant. Reporting by Fabiola Aramburo, Mexico City. Editing by Subhranshu Sahu.

(source: Reuters)