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On April 9, 2013, Mitsui & Co., Ltd. ("Mitsui," head office: Chiyoda-ku, Tokyo; president: Masami Iijima), have entered into an MOU with Mexican state owned oil company Petróleos Mexicanos ("PEMEX") under the witness of Mexican President Enrique Pena Nieto. The MOU sets forth the scope of cooperation and discussion among the parties about the energy projects including natural gas.
Mitsui has been expanding its activities in the Mexican natural gas industry and it is operating an LNG receiving terminal project at pacific coast Manzanillo, 6 gas fired power projects in various places in Mexico and a natural gas distribution business in major cities such as Mexico City and Monterrey through its stake in the largest distribution company in Mexico, Gas Natural Mexico.
It is expected that the demand for the natural gas in Mexico shall continue to increase supported by the development of the shale gas projects in the US and Mexico and also by the stable growth of the Mexican economy. Through the cooperation with Pemex and realization of the natural gas infrastructure and supply projects, Mitsui continues to contribute to the development of Mexico.
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.