MC’s equity share of oil and gas upstream production is as shown below. GHG emissions from burning natural gas relatively lower compared to when burning other fossil fuels, and the demand for natural gas is forecasted to grow in line with the transition to a low-carbon and decarbonized society. Accordingly, MC has positioned natural gas as a core business. Currently, natural gas accounts for approximately 85% of MC’s equity share of oil and gas production.
| Project | Beginning of Production |
Annual Production Capacity (Million Ton) |
Buyer | Seller | Shareholding | MC’s Participation |
Business Contribution *1Business Segment: 
Investment in exploration & development,
Investment in liquefaction plant,
Marketing and/ or import agent,
Shipping
*1
|
||
|---|---|---|---|---|---|---|---|---|---|
| Total | MC’s Share | ||||||||
| Brunei | 1972 | 7.2 | 1.8 | 25% | Mainly Asia, with a focus on the Far East | Brunei LNG | Brunei Gov.(50%), Shell(25%), MC(25％) | 1969 |  |
| Malaysia I (Satu) |
1983 | 8.4 | 0.42 | 5% | Tokyo Gas, Saibu Gas, etc. | Malaysia LNG |
PETRONAS(90%), Sarawak Gov.(5%), MC(5%) | 1978 |  |
| Malaysia II (Dua) |
1995 | 9.6 | 0.96 | 10% | Tohoku Elec., Tokyo Gas, Shizuoka Gas, Sendai City Gas Authority, ENEOS Holdings, etc. |
Malaysia LNG |
PETRONAS(80%), Sarawak Gov.(10%), MC(10%) | 1992 |  |
| North West Shelf |
1989 | 16.9 | 1.41 | 8.33% | JERA, Tokyo Gas, Shizuoka Gas., Toho Gas, Kansai Elec., Osaka Gas, Guandong Dapeng LNG | NWS JV | Woodside(33.3%), Shell, bp, Chevron、MIMI [MC/ Mitsui & Co.=50:50], 16.7% respectively |
1985 |  |
| Oman | 2000 | 7.1 | 0.20 | 2.77% | Osaka Gas, Korea Gas, Itochu Corp., bp, etc. | Oman LNG | Oman Gov.(51%), Shell(30%), TotalEnergies(5.54%), MC(2.77%), etc. | 1993 |  |
| Qalhat | 2005 | 3.3 | 0.13 | 4% | Osaka Gas, Mitsui & Co., etc. | Qalhat LNG |
Oman Gov.(46.8%), Oman LNG(36.8%), Naturgy(7.4%), Osaka Gas(3%), MC(3%), etc. | 2006 | |
| Russia Sakhalin 2 | Oil: 2008 (year-round production), LNG:2009 |
9.6 | 0.96 | 10% | JERA, Tokyo Gas, Kyushu Elec., Toho Gas, Hiroshima Gas, Tohoku Elec., Saibu Gas, Osaka Gas, Korea Gas, etc. | Sakhalin Energy LLC |
Gazprom(50%), Sakhalin Energy LLC(27.5%), Mitsui & Co.(12.5%), MC(10%) |
1994* PSA execution* | |
| Indonesia Tangguh |
2009 | 11.4 | 1.13 | 9.92% | Tohoku Elec., Kansai Elec., SK E&S, POSCO, Fujian LNG, Sempra, PLN, etc. | Tangguh JV | bp(40.2%), MI Berau [MC/ INPEX 56:44](16.3%), KG Berau [MIBJ (MC/ INPEX Corporation 56:44) 16.5%, Mitsui & Co. 20.1%, JX Nippon Oil & Gas Exploration 14.2%, JOGMEC 49.2%](8.6%), etc. | 2001 | |
| Indonesia Donggi - Senoro |
2015 | 2.0 | 0.9 | 44.9% | JERA, Korea Gas, Kyushu Elec., etc. | PT. Donggi- Senoro LNG |
Sulawesi LNG Development Limited [MC/Korea Gas=75:25](59.9%), PT Pertamina Hulu Energi(29%), PT Medco LNG Indonesia(11.1%) | 2007 | |
| Wheatstone | 2017 | 8.9 | 0.28 | 3.17% | Chevron, KUFPEC, Woodside, Kyushu Elec., PEW, etc. | Equity Lifting Model*2LNG is procured and sold by each company according to either the ratio of interest (Equity Lifting Model) / or equity in the liquefaction contract (Tolling Model) respectively.*2 |
Chevron(64.136%), KUFPEC(13.4%), Woodside(13%), Kyushu Elec.(1.464%), PEW(8%; of which MC holds 39.7%) | 2012 |  |
| Cameron | 2019 | 12.0 | 4.0*3MC's offtake volume & ratio based on the tolling agreement with Cameron LNG.*3 | 33.3%*3MC's offtake volume & ratio based on the tolling agreement with Cameron LNG.*3 | MC, Mitsui & Co., TotalEnergies (Toller) | Tolling Model*2LNG is procured and sold by each company according to either the ratio of interest (Equity Lifting Model) / or equity in the liquefaction contract (Tolling Model) respectively.*2 | Sempra(50.2%), Japan LNG Investment [MC/ NYK=70:30](16.6%) Mitsui & Co.(16.6%), TotalEnergies(16.6%) | 2012 | |
| Total | 96.4 | 12.19 | |||||||
| Project | Beginning of Production |
Annual Production Capacity (Million Ton) |
Buyer | Seller | Shareholding | MC’s Participation |
Business Contribution *1Business Segment:
Investment in exploration & development,
Investment in liquefaction plant,
Marketing and/ or import agent,
Shipping
*1
|
||
|---|---|---|---|---|---|---|---|---|---|
| Total | MC’s Share | ||||||||
| LNG Canada | Mid 2020’s | 14.0 | 2.10*4MC's offtake volume & ratio.*4 | 15%*4MC's offtake volume & ratio.*4 | Shell, PETRONAS, PetroChina, MC, Korea Gas | Equity Lifting Model*2LNG is procured and sold by each company according to either the ratio of interest (Equity Lifting Model) / or equity in the liquefaction contract (Tolling Model) respectively.*2 |
Shell(40%), PETRONAS(25%), PetroChina(15%), Diamond LNG Canada Partnership (MC 15%), Korea Gas(5%) | 2010 | |
| Total | 14.0 | 2.10 | |||||||
