Nikkei: Russia has notified Japanese companies about the transfer of the Sakhalin-2 project to a new operator

TOKYO, 17 Aug — Several Japanese companies have received official notification from Russia about the transfer of the Sakhalin-2 project to a new operator, writes Nikkei edition.

In particular, we are talking about Kyushu Electric Power Company and Saibu Gas Co, which purchase liquefied natural gas from Sakhalin-2.

Representatives of the first of them told the publication that they had received a notification from Russia. In turn, Saibu Gas Co told the Nikkei newspaper that it had received a formal request to sign a contract with the new company.

On August 3, the Russian government decided to create a new operator for the Sakhalin-2 project, represented by Sakhalin Energy LLC, with registration in Yuzhno-Sakhalinsk. The new operator will replace Sakhalin Energy Investment Company Ltd. The date of its formation is taken as the moment of entering information on the creation of the company into the Unified State Register of Legal Entities (EGRLE).

Andrey Oleinikov, the current head of the Russian branch of Sakhalin Energy, will become the manager.

Earlier, the Japanese company Mitsui&Co announced its intention to make decisions on Sakhalin-2 based on the joint efforts of the state and business. In early August, the Japanese government announced that it had conveyed to the management of the companies a wish to seek further participation in the project.

Leave a Reply