Japanese companies to stay with Russian energy project ...News

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Japanese companies to stay with Russian energy project
Mitsubishi and Mitsui have been approved to keep their stakes in Sakhalin-2 under the new operator Moscow has approved the application of Japan’s Mitsubishi to continue its participation in the Sakhalin-2 liquefied natural gas (LNG) project following its transfer to a new operator, according to a government order published on Wednesday. The order signed by Prime Minister Mikhail Mishustin said the government approved Mitsubishi’s request to transfer a 10% stake in the old operator to an equal stake in Sakhalin Energy, a Russian company which has taken over ownership of the vast LNG project in the country’s Far Eas

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