Japan's Mitsubishi to apply for stake in new Sakhalin-2 LNG operator

📆 8/25/2022 5:44 AM
📰 ChannelNewsAsia

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TOKYO :Japanese trading house Mitsubishi Corp said on Thursday it has decided to apply for a stake in the new Russian entity that took over the Sakhalin-2 liquefied natural gas (LNG) project.The move comes after the Japanese government asked Mitsubishi Corp to 'think positively' about joining the new entity a

TOKYO :Japanese trading house Mitsubishi Corp said on Thursday it has decided to apply for a stake in the new Russian entity that took over the Sakhalin-2 liquefied natural gas project.

"A resolution was passed this morning regarding the submission of a consent to take a stake. The consent will be filed by the deadline," a Mitsubishi spokesperson said, referring to the Sept. 4 deadline. The order created a new Russian entity to take over all rights and obligations of the previous operator Sakhalin Energy Investment, in which Shell and two Japanese trading companies hold just under 50 per cent.

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Mitsubishi Corp to apply for stake in new Sakhalin-2 LNG entityTOKYO : Japanese trading house Mitsubishi Corp said on Thursday it has decided to apply for a stake in the new Russian entity that took over the Sakhalin-2 liquefied natural gas (LNG) project.Mitsubishi Corp will submit an agreement form to take a stake in the project by the deadline set for Sept. 4, a sp
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