Mitsubishi Corp said on Tuesday it will form an international coalition with seven other firms including TotalEnergies and Tokyo Gas to support development and production of electric natural gas (e-NG).
As capital goods represent the majority of companies involved with contributing to key aspects of modern, industrialized societies, their respective sizes makes them less likely to exhibit the same kind of volatility that other sectors, like technology, for example, might exhibit.
Buffett listed two long-time Berkshire holdings as stocks the conglomerate will likely own "indefinitely." He also added six other stocks to the group: an oil and gas innovator and five Japanese trading houses.
One of Warren Buffett's largest stock assets has recently witnessed massive price increases, culminating with a new all-time high (ATH) and promising significant profits for the world-famous investor and CEO of Berkshire Hathaway (NYSE: BRK.A).
Mitsubishi Corp CEO Katsuya Nakanishi said on Tuesday that Russia's Sakhalin 2 liquefied natural gas (LNG) project remains a key source for Japan's energy supply, as Japanese companies maintain their Russian exposure.
Warren Buffett's vote of confidence in Japanese trading houses is helping Mitsubishi Corp overcome long-held investor wariness about its complex global business that covers everything from sausages to natural gas, a top executive said.
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