Russia Gives 12.5% Stake in Sakhalin Energy to Mitsui Unit
09.05.2022 By TankTerminals.com - NEWS

August 5, 2022 [Reuters] – The Russian government on Tuesday said it approved handing over a 12.5% stake in operator of Russia’s Sakhalin 2 liquefied natural gas plant to Dubai-based MIT SEL Investment Ltd, a subsidiary of Japanese trading house Mitsui & Co (8031.T).

 

The Russian government on Tuesday said it approved handing over a 12.5% stake in operator of Russia’s Sakhalin 2 liquefied natural gas plant to Dubai-based MIT SEL Investment Ltd, a subsidiary of Japanese trading house Mitsui & Co (8031.T).

The decree, which followed Western sanctions imposed on Moscow over what it calls a “special military operation” in Ukraine, indicated the Kremlin will now decide whether the foreign partners can stay.

Earlier on Tuesday, Japan’s biggest city gas supplier Tokyo Gas Co Ltd (9531.T) said it signed a long-term contract with Sakhalin Energy LLC to buy liquefied gas.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

UAE Invests Billions in AI to Diversify Economy Beyond Oil
11.13.2024 - NEWS
November 13, 2024 [Oil Price]- The United Arab Emirates’ state-owned energy giant Abu Dhabi Nat... Read More
Gulf Energy Transition: Assessing Saudi and Emirati Goals
11.13.2024 - NEWS
November 13, 2024 [The Washington Institute]- On October 29, during Saudi Arabia’s annual Futur... Read More
How will The Energy Sector Fare Under Donald Trump?
11.13.2024 - NEWS
November 13, 2024 [Investing Daily]- The energy sector experienced a notable boost following Dona... Read More
PNOC, Pertamina Partner on LNG Infrastructure, Supply Chain
11.13.2024 - NEWS
November 13, 2024 [Manila Bulletin]- State-run Philippine National Oil Company (PNOC) has signed ... Read More