China News Service, August 25. Comprehensive Japanese media reported on the 25th that Japan's Mitsui & Co. and Mitsubishi Corporation decided to continue to maintain their rights and interests in the Russian Far East oil and gas development project "Sakhalin 2".
The two companies will notify the new operator of their investment intentions within this month.
A tanker loads liquefied natural gas from the Sakhalin 2 project at the port of Prigorodnoye, Russia, on October 29, 2021.
The move is in line with the intention of the Japanese government, which wants a stable supply of liquefied natural gas, the report said.
The Japanese government had previously stated that it would maintain the rights and interests of the energy project "Sakhalin 2".
According to reports, in the future, the two companies will join hands with the government to seriously consider the conditions proposed by the Russian side.
According to a decree signed by Russian President Vladimir Putin, the new operator of the "Sakhalin 2" oil and gas project was established on August 5.
The original foreign shareholders of the project must apply to retain their shares in the new company within one month, and the Russian government will decide whether to approve or not.
According to the data, Japan's Mitsui and Mitsubishi Corporation respectively hold 12.5% and 10% of the shares in this project.