FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
ACQUISITION OF TANGGUH LNG INTEREST
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2, 2003
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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 2, 2003
MITSUI & CO., LTD.
By: /s/ Tasuku Kondo
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Name: Tasuku Kondo
Title: Executive Director
Senior Executive Managing Officer
Chief Financial Officer
December 2, 2003
For immediate release
Mitsui & Co., Ltd.
ACQUISITION OF TANGGUH LNG INTEREST
Mitsui & Co., Ltd. ("Mitsui"), headquartered at 2-1, Ohtemachi 1-Chome,
Chiyodaku, Tokyo, Japan, is pleased to announce that its wholly-owned subsidiary
Mitsui Indonesia Gas B.V. ("MIG"), a company organized and existing under the
law of the Netherlands, has entered into a Sale and Purchase Agreement ("SPA")
for the acquisition of its 50% interest in the Muturi Production Sharing
Contract ("PSC") in West Papua, Indonesia.
MIG signed an SPA on December 1st, 2003 to acquire the interest from BG
International Limited, a wholly-owned subsidiary of BG Group plc. The 50%
interest in Muturi PSC corresponds to an approximately 10.7% interest in the
Tangguh LNG Project. The sale consideration is about US$236 million in cash.
Completion of this transaction is conditional mainly on the waiver of
pre-emption rights by the other Muturi PSC participants and Indonesian
governmental approvals.
Energy resource development is one of Mitsui's strategic priorities, and this
deal is in line with its objective to acquire additional assets.
Outline of the Tangguh LNG Project
The Tangguh LNG Project comprises integrated development of an LNG facility
supplied by large gas reserves from a number of fields located in Muturi, Berau
and Wiriagar field in West Papua, Indonesia. Estimated reserves of natural gas
are approximately 14.4 trillion cubic feet. The commencement of commercial LNG
production is scheduled to begin in 2007. At the peak, the facility will produce
10.5 million tons of LNG. Existing shareholders are BP, CNOOC, Mitsubishi /
INPEX, Nippon Oil, Kanematsu, and Nissho Iwai / Sumitomo.
For inquiries on this matter, please contact:
Mitsui & Co., Ltd.
Corporate Communications Division
(Person in charge: Eiki Okada)
Telephone: +81-3-3285-7562
Facsimile: +81-3-3285-9819
E-mail: E.Okada@mitsui.com