• CERAWeek
  • March 18 - 22, 2024

Hiroaki Osaki

Mitsubishi Heavy Industries America (MHIA)

President, Oil & Gas Division

Hiroaki Osaki is the President of Mitsubishi Heavy Industries America (MHIA) Oil & Gas Division, located in Houston, Texas. Mr. Osaki leads the team that identifies, develops, and materializes business opportunities for Mitsubishi Heavy Industries (MHI) technologies. These technologies include turbomachinery, environmental and engineered solutions, as well as MHI’s next generation businesses. The organization provides a one-stop solution for integrating Mitsubishi Heavy Industries Group products into the oil and gas sector in fields such as LNG, floating production, gas processing, and petrochemicals. Prior to his current role, Mr. Osaki served as the first President and Chief Executive Officer of Mitsubishi Heavy Industries Compressor Corporation, located in Hiroshima, Japan. Mr. Osaki joined MHI in 1975 as a mechanical engineer and has acquired four decades of experience as a steam turbine specialist. From 2005 to 2009, Mr. Osaki was a member of the Texas A&M Turbomachinery Advisory Committee. As the first person elected from Asia, he contributed to the evolution of the Turbomachinery Symposium into an international organization. Mr. Osaki earned a master’s degree in mechanical engineering from the University of Osaka.

Sessions With Hiroaki Osaki

Wednesday, 13 March

  • 07:30am - 08:35am (CST) / -

    LNG: Reaching project sanction through cost management and innovation

    Panel Gas Technology/Innovation

    Potential LNG projects are abundant, and LNG buyers have shown reluctance to enter into large, long-term firm contracts to support new projects. Only the most cost-competitive and creative projects are likely to succeed in making it all the way to FID. Controlling capital costs is paramount, and new technical approaches and business models may be required. Moreover, known lower-cost options for new LNG supply will keep strong competitive pressure on greenfield project developers to offer the most competitive prices. What will it take to get new liquefaction projects over the finish line?