Mitsubishi Corp, a leading Japanese trading house, said it has bought back a five per cent stake in Malaysia LNG Sdn Bhd (MLNG) from Malaysian state-run oil company Petronas.

Mitsubishi had sold its entire 15 per cent stake in MLNG to Petronas in February 2003, upon the expiry of the 1978 joint venture agreement under which MLNG was established.
Mitsubishi then began negotiating with Petronas to return as a shareholder in MLNG, with Petronas offering a five per cent stake, the trading company said in a statement.