Energy

We are expanding our trading portfolios in the oil and gas businesses in the U.S. and South America, while simultaneously exploring opportunities for investment in related up, mid and downstream businesses both in North and South America. We also lend support to affiliate companies in oil and gas and nuclear fuel - MIECO, Energy U.S.A., Marubeni Oil & Gas (USA) and Marubeni Natural Gas and LNG America. MIECO, with offices in California, Texas, Colorado, New Jersey, Utah, Connecticut and Calgary, Canada, conducts trading of petroleum products, and natural gas in the American and the Pacific Rim markets. Energy U.S.A., with offices in Connecticut, trades natural uranium both domestically and overseas with traders and end-users of nuclear power generations. Marubeni Oil & Gas (USA), with an office in Texas, conducts development and production in US. Marubeni Natural Gas and LNG America, which an office in Texas, conducts implementation and operation of tolling business at liquefaction project of natural gas in LA.

In addition, MAC plans to conduct trading of condensate, petroleum products, natural gas and LNG. With any of these products, we may be involved in importing and exporting them to and from the U.S., or in trading them offshore. South America is another focus of MAC's efforts to increase trade and to invest in related energy businesses in the mid-downstream.

SUBSIDIARIES AND AFFILIATES:

Energy U.S.A. Inc.

Trader of uranium and nuclear energy related equipment

MIECO, Inc.

Petroleum and natural gas traders

Marubeni Oil & Gas LLC.

Oil & gas exploration and production

Marubeni Natural Gas and LNG America Corporation

Natural gas liquefaction project