Mitsui’s Activities in Energy Sector
Takeshi Kanamori
Executive Managing Officer, Chief Operating Officer
Infrastructure Projects Business Unit
Mitsui & Co., Ltd.
September 24th, 2013
Belo Horizonte
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Mitsui at a Glance
Profile


Foundation
Establishment

Number of Employees
(Consolidated)
Subsidiaries and
Associated Companies



Global Network
: July 1, 1876
: July 25, 1947
: 45,148
: 410
Financial Information
 Revenue
 Net Income
 Total Assets
 Shareholders’ Equity
: USD 52.2 Bil
: USD 3.3 Bil
: USD 109.8 Bil
: USD 33.8 Bil
Long Term Credit Ratings
 Moody’s
 S&P
: A2
: A+

Number of Offices
 Overseas
:136 (67 countries)
 Domestic
: 12
As of September 1, 2013
Mitsui’s Motto “Desafio e Inovação”
(Challenge and Innovation)
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1
12 Business Units
 Mitsui covers all of the industrial sectors through its 12 Business Units.
Energy BU I
Iron & Steel Product BU
Energy BU II
Mineral & Metal
Resources BU
Infrastructure Projects BU
Foods Resources BU
Integrated Transportation
Systems BU
Food Products & Services
BU
Basic Chemicals BU
Consumer Service BU
Performance
Chemicals BU
Innovation & Corporate
Development BU
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2
Infrastructure Projects Business Unit
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Power
Generation
Water
Resources
Oil & Gas
Offshore
3
Mitsui in Brazil
 Brazil is one of the most important countries for Mitsui.
 Mitsui’s activities in Brazil cover the wide range of sectors.
Food
Resources
Energy
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Oil & Gas
Food
Products
Mineral &
Metal
Resources
Infrastructure
4
Logistics
Huge Potentialities in Brazil
 Latin America have huge proven reserves of oil and gas which represents 328.4
billion barrels.
 Brazil has ~15.3 billon barrels of proven reserves, which is the 15th country in the
world.
 Brazil positions the oil & gas industries as a strategic sector for its sustainable growth.
Proven reserves - geographic regions
16
14
12
10
8
6
4
2
0
Proven reserves - Brazil
2003200420052006200720082009201020112012
Pre-salt
Sources : Ministério De Minas E Energia - Governo Federal
Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis – ANP
U.S. Energy Information Administration – EIA
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5
Mitsui in Value-chain
 Broad international experience in equity investment, construction, marketing &
trading and structured finance covering all segments in the oil & gas value chain
Exploration &
Production
Blocks in
 Australia
 New Zealand
 Thailand
 Cambodia
 Vietnam
 Indonesia
 Oman
 UAE
 Qatar
 Russia
 Libya
 Mozambique
 Poland
 USA (Shale)
 Canada
 UK
 Italy, etc
 Drillships / Brazil
Processing
<LNG Liquefaction Terminal>

Sakhalin-II / Russia
ADGAS / Abu-Dabi

Qatargas1&3 / Qatar
Oman LNG / Oman

NWS / Australia
Equatorial Guinea

Tangguh / Indonesia
<Oil & Gas Processing>
 FPSOs / Brazil &
others
 Espadarte, Voador,
Marimba / Brazil
 Barracuda / Brazil
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LNG Receiving
Terminal
LNG Tanker
 Guayanilla / Puertorico
Dukhan
 Manzanillo / Mexico
(135,000m3)
 Montoir / France
Muscat LNG
(145,000m3)
Arctic Discoverer
(140,000m3)
Arctic Voyager
(140,000m3)
6
Gas Pipeline
& LDC





Malhas PL / Brazil
Blue Stream / Russia
Urucu / Brazil
Cabiunas /Brazil
Mitsui Gas (MGEB)/
Brazil
Gas Fired
Power Plant
&
Cogeneration
 Falcon, Valladolid /
Mexico
 Saltend / UK
 Eco Electrica /
Puerto Rico
 Ontario / Canada
 Ecogen / Brazil
Mitsui in Value-chain
 Broad international experience in equity investment, construction, marketing &
trading and structured finance covering all segments in the oil & gas value chain
Exploration &
Production
Blocks in
 Australia
 New Zealand
 Thailand
 Cambodia
 Vietnam
 Indonesia
 Oman
 UAE
 Qatar
 Russia
 Libya
 Mozambique
 Poland
 USA (Shale)
 Canada
 UK
 Italy, etc
 Drillships / Brazil
Processing
<LNG Liquefaction Terminal>

Sakhalin-II / Russia
ADGAS / Abu-Dabi

Qatargas1&3 / Qatar
Oman LNG / Oman

NWS / Australia
Equatorial Guinea

Tangguh / Indonesia
<Oil & Gas Processing>
 FPSOs / Brazil &
others
 Espadarte, Voador,
Marimba / Brazil
 Barracuda / Brazil
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LNG Receiving
Terminal
LNG Tanker
 Guayanilla / Puertorico
Dukhan
 Manzanillo / Mexico
(135,000m3)
 Montoir / France
Muscat LNG
(145,000m3)
Arctic Discoverer
(140,000m3)
Arctic Voyager
(140,000m3)
7
Gas Pipeline
& LDC





Malhas PL / Brazil
Blue Stream / Russia
Urucu / Brazil
Cabiunas /Brazil
Mitsui Gas (MGEB)/
Brazil
Gas Fired
Power Plant
&
Cogeneration
 Falcon, Valladolid /
Mexico
 Saltend / UK
 Eco Electrica /
Puerto Rico
 Ontario / Canada
 Ecogen / Brazil
Mitsui’s Offshore Project Records
PEARL
Jasmine FPSO
Chevron
Escravos LPG FSO
TSJOC
Song Doc FPSO
KNOC
Rong Doi FSO
CLJOC
Su Tu Den FPSO
Petrobras 10,000
Drillship
 12 FPSO/FSOs and 2 Drillships under charter, 7 FPSO/FSOs
sold since 1990, 3 FPSOs under construction.
 Among them, 6FPSO/FSOs and 2 Drillships under charter to
Petrobras (2 FPSOs under construction)
JVPC
Rang Dong FPSO
Chevron
Anoa FPSO
Petrobras
Opportunity FPSO
Tullow
Jubilee FPSO
FPSO projects highlighted
in red are under operation in Brazil
Sources: MODEC and others
Petrobras
Lula FPSO
Santos
Mutineer-Exeter FPSO
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BHPBP
Stybarrow FPSO
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Petrobras
PRA-1 FSO
Petrobras
Gas Opportunity#2
Petrobras
Guara FPSO
CNR
Baobab FPSO
Petrobras
Etesco Takatsugu J
Petrobras
Espadarte Sul FPSO
OSX
OSX-3 FPSO
(Under
construction)
Petrobras
Cernambi Sul FPSO
(Under construction)
Petrobras
Cernambi Norte FPSO
(Under construction)
Mitsui Gás e Energia do Brasil
 Mitsui Gás e Energia do Brasil conducts local gas distribution services in 7 states in
Brazil.
 Mitsui Gás e Energia dispatches CFOs to each local gas distribution company.
MGEB
Description
Profile
Overview
• Mitsui Gas e Energia do Brazil (MGEB) is a holding
company with stakes in 7 local gas distribution
companies (LDCs) in Brazil
• Foundation: October 4, 1990;
• Capital: R$ 588 MM (approx. US$ 302 MM);
• Shareholder: 100%* Mitsui & Co., Ltd
41,5
%
% Shares on LDCs
Market
41,5
%
24,5 41,5 41,5
%
%
%
41,0
%
41,5
%
• Mitsui Gas rank the 4th place among Brazilian LDCs,
representing 20% of the LDC market in Brazil;
• Supply more than 10 M cmd for 70,000 customers.
• > 3,000km gas pipeline network
Sources: Mitsui Gás e Energia do Brasil Ltda.
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Petrobras
Mitsui
100%
State Gov
Mitsui Gás
Gaspetro
51%
24,5%
100%
24,5%
Mitsui Gás e Energia do Brasil
 Mitsui Gás e Energia hosts a series of seminars and workshops in Brazil concerning
technical administrations by introducing Japanese knowledge and technologies to
aggregate values.
Sources: Mitsui Gás e Energia do Brasil Ltda.
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Ecogen Brasil Soluções Energéticas
 Mitsui participates in Ecogen Brasil Soluções Energéticas together with Energy
Advance Co., Ltd. (ENAC), a subsidiary of Tokyo Gas Co., Ltd.
 ENAC and Mitsui implement knowledge and expertise in terms of “environmental
friendliness” and “efficiency”.
12
10
7
8
11
4
6
9
5
3
Ecogen Capacity Growth- MWeq
175
Signed
1
2
Operational
150
125
100
75
50
25
0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Sources: Ecogen Brasil
Soluções Energéticas S.A.
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Ecogen Brasil Soluções Energéticas for future
Shinjuku district heating and cooling system
Sources: Energy Advance Co., Ltd.
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For industrial customers
Foresight
 Mitsui’s “Desafio e Inovação”
 Linkage among Brazil, Japan and all the world
 “Safe”, “Environmentally-friendly” and “Efficient” in energy sector for the greater
prosperity and the sustainable growth
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Muito obrigado.
Arigatou gozaimasu.
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Disclaimer
• All information contained in this document is confidential and proprietary to Mitsui and is
provided on a confidential basis for the purpose of providing certain information to the
recipients. Any use, reproduction or distribution of this document, in whole or in part, or any
disclosure of any of its contents or the use of any information or ideas herein, without the
prior written consent of Mitsui, is expressly prohibited. Each person, by accepting delivery of
this document, agrees to the foregoing.
• This document does not constitute a commitment to make an offer of any nature whatsoever.
• No representation, express or implied, is or will be made, neither is nor will any responsibility
or liability be accepted by Mitsui & Co., Ltd. or any of its officers or employees in relation to
the accuracy or completeness of this document. Any liability is therefore expressly disclaimed.
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