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Investing.com -- Mitsubishi Corp is negotiating to purchase the U.S. shale production and pipeline assets of Aethon Energy Management for approximately $8 billion, according to a Reuters report on Monday.

If completed, the acquisition would provide the Japanese conglomerate with a substantial natural gas operation located next to the U.S. Gulf coast and its developing energy export facilities.

The discussions between Mitsubishi and Aethon are still in progress, the report added, and there is no guarantee that an agreement will be reached.

While Aethon, a U.S. energy-focused investment firm, owns and operates the assets under consideration, other significant stakeholders include RedBird Capital Partners (WA:CPAP) and Ontario Teachers’ Pension Plan from Canada.

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