The government allowed the Japanese company Mitsubishi to transfer a ten percent stake in the new operator of the Sakhalin-2 project. The order is published on the portal of legal information.
“In accordance with <…> the Mitsubishi Corporation notice of the consent to take ownership of a share in the charter capital of the Sakhalin Energy Limited Liability Company to allow the transfer of ten percent of the share in the charter capital of the said company to the company “DGS Japan Co., Ltd. “, the document says.
DGS Japan Co., Ltd. — 100% “daughter” of Mitsubishi. At the same time, the Japanese company receives a share in proportion to what it had in the previous operator Sakhalin Energy.
Sakhalin Energy needs to prepare documents for the transfer of a share in the authorized capital of this company to DGS Japan Co., Ltd., as specified in the order.
Media: Sakhalin-2 operator allowed payment for LNG in rubles
At the end of June, Russian President Vladimir Putin signed a decree ordering, in the face of hostile actions by foreign states, to change the operator of the Sakhalin-2 project to a new, Russian, legal entity. After that, the preservation by foreigners of a share in it remained in question. In the former operator, Sakhalin Energy, Gazprom owned 50 percent plus one share, Shell – 27.5 percent minus one share, Mitsui – 12.5 percent, and Mitsubishi – ten percent.
The new operator of the project, represented by Sakhalin Energy LLC, was established on August 5 with a share in the authorized capital of Gazprom Sakhalin Holding. Foreign partners have the right to stay in the project if they announce such a decision before September 5.
Sakhalin-2 is an oil and gas project that develops two fields in the northeast of the Sakhalin shelf – Piltun-Astokhskoye (main oil) and Lunskoye (mainly gas), as well as an LNG plant with a design capacity of 9.6 million tons in year.