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Mitsui India’s Energy business is an integral part of Mitsui’s global presence in the crude oil and petroleum products trading business. Along with our own equity oil in the Asia Pacific region we also have a 50-50 J/V 160 KBD refinery near Tokyo, Japan.
We have the experience in blending to meet any specific product requirement. We are a major LPG trader and have an expanding business in Middle Distillates.
Mitsui has historic presence in world LNG trade. India is a very cost conscious and growing market for LNG supply. We may have interest and consider LNG swaps or short-term supplies or spot cargoes. This needs much detailed study and planning.
Mitsui has the capability of meeting India’s vast energy needs. Over the last 3 years Mitsui’s average sale of spot crude oil to India is around 20 million barrels. India’s refining capacity exceeds domestic consumption. We buy petroleum products - including fuel oil and naphtha - from India. Mitsui also meets the liquid fuel requirements of the power plants and industry - we also sell LSWR to Tata Power. Both are environmentally friendly boiler and furnace fuels.
Mitsui’s Energy Business Unit has a new division called Industrial Marketing Division. This has a department - Power Generation and Environment Protection - with its focus on investment and technology related activities for CDM / GHG and bio-fuel opportunities in India.
Our most recent expansion is in derivatives and hedging for crude oil, petroleum products, refinery margins, natural gas / LNG, ship freight rates and coal.
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