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.

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.

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).