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The first gas is produced from North West Shelf Project Train 5 production facility

Sep. 2, 2008


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North West Shelf Venture announced on September 1, 2008 that its fifth LNG processing train located at its Karratha Gas Plant in Western Australia is now fully operational and producing gas for export to customers around the world including Japan, China and South Korea.

The participants in the North West Shelf Venture are: Woodside Energy Ltd. (operator); BHP Billiton Petroleum (North West Shelf) Pty Ltd.; BP Developments Australia Pty Ltd.; Chevron Australian Pty Ltd.; Shell Development (Australia) Pty Ltd.; and Japan Australia LNG (MIMI) Pty Ltd., which is ultimately owned equally by Mitsubishi Corporation and Mitsui & Co., Ltd.

With Train 5 now on line, the North West Shelf Venture will produce an additional 4.4 million tonnes of LNG annually, boosting total annual production to 16.3 million tonnes.

LNG is regarded as an environmentally-friendly energy compared with alternative fossil fuels, and the demand for it is increasing worldwide. The increment in supply from an established project such as the North West Shelf Project, which is achieved by the commencement of Train 5, will contribute to the stable energy supply for North Asia and other markets.

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This press release includes forward-looking statements about Mitsui. These forward-looking statements are based on the current assumptions and beliefs of Mitsui in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. The risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest annual report on Form 20-F, which has been filed with the U.S. Securities and Exchange Commission.
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Information

For inquiries on this matter, please contact

Mitsui & Co., Ltd.
Investor Relations Division
Telephone: +81-3-3285-7910
Facsimile: +81-3-3285-9819
infoTKADZ@mitsui.com
Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-3-3285-7596
Facsimile: +81-3-3285-9819