The Japanese company Mitsubishi has officially confirmed that it has reached an agreement with the Russian side to retain its stake in the Sakhalin-2 project.
A statement released by the company today, Thursday, said: “We announce that the Russian government has approved the request (to transfer part of the shares). The terms of the shareholder agreement and the risks associated with it will be studied. in discussions with relevant parties, taking into account various scenarios.”
“Decisions on the participation of Mitsubishi and Mitsui in this project are of great importance for Japan’s energy security. The government and private companies will continue to monitor the situation and work together, – General Secretary of the Cabinet of Japan. , Hirokazu Matsuno, said at a press conference in Tokyo on Thursday to ensure stable supply of LNG.
Yesterday, Wednesday, the Russian government approved the transfer of a 10% stake in Sakhalin Energy, the new operator of the Sakhalin-2 project, to a subsidiary of Mitsubishi and DGS Japan. The new project operator was instructed to prepare all the necessary documents for this transfer.
On August 30, the Russian government agreed to transfer a 12.5% stake in Sakhalin Energy to a subsidiary of the Japanese company Mitsui (MIT SEL Investment), registered in Dubai.
The Sakhalin Energy Company was established by presidential decree at the beginning of last month in place of the Sakhalin Energy Company. And Gazprom owned a controlling stake (50% plus one share) of Sakhalin Energy, with 27.5% of the shares owned by the British company Shell, and 12.5% and 10% of the shares by my company Mitsubishi and Mitsubishi, respectively.
Source: TASS