Today: Saturday, 3 December 2022 year

Japan notified the US of plans to retain shares in the Sakhalin-2 project

Japan notified the US of plans to retain shares in the Sakhalin-2 project

The operator of the Sakhalin-2 LNG project has shares in Japanese Mitsui and Mitsubishi. After the change in ownership of the operator, the Japanese authorities advocated continued participation in the project

Japan intends to retain shares in the Russian project for the production of liquefied natural gas Sakhalin-2, Japanese Minister of Economy, Trade and Industry Koichi Hagiuda said at a press conference in Washington after negotiations with representatives of the US government.

“I explained to the American side that I want to maintain the status quo, and I think they understood that,” Hagiuda said.


Sakhalin Energy, the operator of Sakhalin-2, has shares in Japanese companies Mitsui (12.5%) and Mitsubishi (10%). The majority shareholder is 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.