With the establishment of a new company to take over the Russian oil and natural gas development project "Sakhalin 2", attention has been focused on whether Japanese electric power companies can continue gas purchase contracts. Interviews with people involved revealed that the Russian side is presenting to electric power companies and other parties that conditions such as prices and procurement volumes will not change, and asking them to sign contracts.
Sakhalin 2 accounts for about 9% of the domestic supply of LNG = liquefied natural gas, and companies such as JERA and Tokyo Gas, which are invested by Tokyo Electric Power and Chubu Electric Power, procure gas.
According to people involved, after the new Russian company was established on the 5th of this month, this company will ask Japanese companies to sign contracts without changing the conditions such as purchase price and procurement volume. I know you got a notification.
After receiving this notice, each company is expected to consider the conclusion of the contract.
On the other hand, regarding Sakhalin 2, Mitsui & Co. and Mitsubishi Corporation, which have invested in the project, are considering whether to continue participating in the project in order to maintain their interests. It is requested to notify the Russian side by the 4th.