Media: Hiroshima Gas renegotiated the contract with the Sakhalin-2 operator

MOSCOW, Sep 1 — PRIME. The Japanese company Hiroshima Gas has signed a contract with the new operator of the Russian project for the production of liquefied natural gas (LNG) Sakhalin-2 to supply this LNG, the Kyodo news agency reported.

Japan announced the importance of Russia’s decision on Sakhalin-2 for the country

Earlier it was reported that contracts were also renegotiated by Japanese JERA, a joint venture between Tokyo Electric Power Co and Chubu Electric Power Co, Tokyo Gas and Kyushu Electric Power. In addition, the Japanese companies Mitsui&Co and Mitsubishi Corporation received permission from the Russian government to transfer shares in the new Sakhalin-2 operator.

On June 30, Russian President Vladimir Putin signed a decree ordering the change of the operator of the Sakhalin-2 project to a new, Russian, legal entity. In the former operator, Sakhalin Energy, Gazprom owned 50% plus one share, Shell 27.5% minus one share, Mitsui 12.5%, Mitsubishi 10%.

The new operator (OOO Sakhalin Energy) was established on August 5 with a stake in the charter capital of Gazprom Sakhalin Holding. And foreign partners have the right to stay in the project if they announce such a decision before September 5.

Read This Now:   The IAEA announced the connection of the ZNPP to the Ukrainian energy grid

As for Shell, the company said the day before that it continues to work on withdrawing from the membership of the Sakhalin Energy Investment Company.

Sakhalin-2 also has other long-term contracts. In particular, with Japanese Toho Gas, Tohoku Electric, Osaka Gas, Saibu Gas, South Korean Kogas, Taiwanese CPC, the former Gazprom structure Gazprom Global LNG (subject to counter-sanctions of the Russian Federation).

Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /home/gamefeve/ on line 5373

Notice: ob_end_flush(): failed to send buffer of zlib output compression (1) in /home/gamefeve/ on line 5373