FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
EQUITY PARTICIPATION IN QATARGAS 3 PROJECT
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 21, 2005
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Commission File Number 09929
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MITSUI & CO., LTD.
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(Translation of registrant's name into English)
2-1, OHTEMACHI 1-CHOME CHIYODA-KU, TOKYO 100-0004 JAPAN
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): _____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security
holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): _____
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No x
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If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82- _______
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: December 21, 2005
MITSUI & CO., LTD.
By: /s/ Kazuya Imai
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Name: Kazuya Imai
Title: Executive Director
Senior Executive Managing Officer
Chief Financial Officer
21 December 2005
FOR IMMEDIATE RELEASE
Mitsui & Co., Ltd.
EQUITY PARTICIPATION IN QATARGAS 3 PROJECT
Mitsui & Co., Ltd ("Mitsui") announced today that it entered into agreement to
acquire a 1.5% interest in Qatar Liquefied Gas Company Limited (3) ("Qatargas
3") from QP Qatargas 3 Limited, Qatar Petroleum ("QP")'s wholly owned affiliate.
The agreement was signed among Mitsui's wholly owned affiliate, Mitsui Qatargas
3 Ltd., QP's wholly owned affiliate, QP Qatargas 3 Limited and ConocoPhillips'
wholly owned affiliate, ConocoPhillips Qatar Ltd.
The Qatargas 3 Project is an integrated project covering the development of a
new LNG train, with an annual production capacity of 7.8 million tons with the
feed gas coming from Qatar's giant North Field. The LNG train will be built at
the Ras Laffan Industrial City in Qatar. The total project cost is estimated to
be US$5.8 billion, approximately 70% of which will be procured by
limited-recourse financing from a group of lenders including Japan Bank for
International Cooperation. The start-up of the Qatargas 3 project is currently
targeted for mid 2009.
Mitsui will purchase approximately 10 million barrels of condensate per annum
from Qatargas 3 for a period of 13 years commencing from 2010. Mitsui will also
proceed to discuss possible offtake of liquefied natural gas (LNG) from Qatargas
3.
Mitsui recognizes energy and natural resources business as one of its priority
areas. It has participated in several prime LNG projects such as Qatargas I,
Abu-Dhabi, North West Shelf in Australia, Oman, Sakhalin II and Tangguh, and has
developed them as one of its core businesses. Mitsui is aiming to meet the
challenge of globalizing LNG business by way of enlarging and diversifying its
LNG business portfolio as well as developing new functions.
For further information, please contact
Mitsui & Co., Ltd.
Corporate Communications Division
Tel: +81-3-3285-7562
Investor Relations Division
Tel: +81-3-3285-7910