The principle products and services of the Energy Business Group (ENG) are crude oil, petroleum products, LPG, LNG, carbon materials and carbon products. We are aggressively expanding our LNG trading activities in both the Atlantic and Asia Pacific markets, and are pursuing new investment opportunities for our LNG and exploration and production business.

Petro-Diamond Risk Management Ltd ("PDRM"), a joint venture between MC’s Energy and Metals Groups, was established in London in Mid City Place and commenced operations in September 2003. PDRM provides full energy risk management services to a variety of customers worldwide.

Since 2006, Mitsubishi Corporation has been active in the upstream sector of oil and gas business in the North Sea which has lead to the establishment of three new companies, MCX Exploration (UK) Ltd., MCX Dunlin (UK) Ltd. and MCX Osprey (UK) Ltd. in London.

Petro-Diamond Risk Management
Based in London, Petro-Diamond Risk Management Ltd. (PDRM) is a wholly-owned subsidiary of Mitsubishi Corporation (MC) that specializes in energy derivatives in Oil Products, Natural Gas, LNG and Coal.  With ongoing political and economic instability around the world, prices for petroleum and other energy products have become increasingly volatile. At the same time, a global trend toward deregulation in the energy industry has been progressing, especially through liberalization of the electricity and natural gas industries.  Accordingly, both suppliers and users of energy are looking to hedge risk related to price fluctuations for energy products, and demand for related financial derivatives is rapidly growing. MC established PDRM in an effort to respond to this increasing demand and to provide customers with the solutions they need.

MCX Exploration (UK) Ltd., MCX Dunlin (UK) Ltd., MCX Osprey (UK) Ltd.
There are three MCX companies in the United Kingdom and they are the wholly-owned subsidiaries of Mitsubishi Corporation, dealing with oil and gas exploration and production businesses in the North Sea.  The London-based MCX Exploration (UK) Ltd. owns 30% interest in the Tristan North West gas field, located in the south of the UK North Sea. Other companies MCX Dunlin (UK) Ltd. and MCX Osprey (UK) Ltd. own several oil fields known as Dunlin, Osprey and Merlin, located in the northern UK North Sea, which are currently producing crude oil at the rate of about 10,000 barrels per day.