Japanese media: Japanese companies enter into contracts for gas supplies with the new operator of the Sakhalin-2 project
The Japanese newspaper Nikkei reported today that Tokyo Gas and JERA have signed contracts for the supply of liquefied natural gas (LNG) with the new operator of the Sakhalin 2 oil and gas project.
The publication writes that the change of the project operator will not affect the terms of supply and purchase prices. Nikkei also notes that eight Japanese companies that received LNG from Sakhalin-2 continue their cooperation on the project and are not going to terminate contracts due to a change in operator.
According to the information provided by the Nikkei, LNG from Sakhalin-2 is purchased by Japanese companies in the following proportions - almost 50% is bought by Hiroshima Gas, Kyushu Electric Power and Toho Gas receive up to about 20%, and Tohoku Electric Power and Saibu Gas - about 10% .
According to the Japanese news agency Kyodo, large Japanese corporations Mitsui and Mitsubishi are going to keep their stakes in the Sakhalin-2 oil and gas project under a new operator, about which the Russian side will be notified in early September. The share of these two companies in the project is 12,5% and 10% respectively.
Recall that in connection with the sanctions of the West, the British-Dutch concern Shell, which had more than 2% of the shares in the project, left the Sakhalin-27 project. And at the end of June, the Russian President signed a decree on the creation of a new project operator - the Russian company Sakhalin Energy, instead of the joint Sakhalin Energy. Foreign shareholders were asked to agree within a month to participate in the project with a new operator.
Japan receives about 2% of LNG entering the country from Sakhalin-9. The project started in 2009, when the first LNG plant was built in Russia thanks to it.
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