Japan notifies the US of plans to retain shares in the Sakhalin-2 project
The Japanese Mitsui and Mitsubishi have shares in the Sakhalin-2 LNG project operator. After the change in ownership of the operator, the Japanese authorities advocated continued participation in the project /webp” media=”(max-width: 320px) and (min-resolution: 192dpi)” >< source srcset="https://s0.rbk.ru/v6_top_pics/resized/590xH/media/img/6/72/756591753225726.webp 590w" type="image/webp" >
Japan intends to retain its stake in Russia's Sakhalin-2 liquefied natural gas project, Japan's Economy, Trade and Industry Minister Koichi Hagiuda said at a press conference in Washington after talks with US government officials.
” “I explained to the American side that I want to maintain the status quo, and I think they understood that,” — NHK quotes him.
In the Sakhalin-2 operator— «Sakhalin Energy»— Japanese companies Mitsui (12.5%) and Mitsubishi (10%) have shares. Majority Shareholder— Gazprom, he owns 50% plus one share. Oil and gas company Shell, which has a 27.5% stake in the Sakhalin-2 operator, announced its withdrawal from the project in February.
In late June, Russian President Vladimir Putin signed a decree , according to which the project operator becomes the property of a company that will be created by the Russian government. The current shareholders of Sakhalin Energy within a month they must agree to receive a share in the new LLC. In case of refusal, the government will evaluate their shares and sell them to a Russian legal entity.
After the decision to change the Sakhalin-2 operator The Japanese government urged Mitsui and Mitsubishi to keep their stakes in the project and “hold them firmly.” “Sakhalin-2” produces almost 10 million tons of LNG per year, about 60% of the project's fuel is consumed by Japan. As the Nikkei wrote, the country can buy gas without participating in the project, but in this configuration there is a risk of supply disruption. At the same time, the newspaper writes, “there is no guarantee that the new operator will continue to reliably supply LNG to Japan” if Mitsui and Mitsubishi continue to be shareholders.
Sakhalin-2 project includes three drilling platforms in the Sea of Okhotsk off the northeastern coast of Sakhalin, a technological complex in the northern part of the island, an LNG plant (its capacity is 9.6 million tons per year) and a terminal in the south of Sakhalin.
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