Two Japanese companies renewed the contract with the Sakhalin-2 operator

MOSCOW, August 30 – PRIME. Japanese companies Tokyo Gas and Kyushu Electric Power have signed a contract with the new operator of the Russian Sakhalin-2 project for the supply of liquefied natural gas (LNG), the Kyodo news agency reported.

Earlier, the contract was also renegotiated by the Japanese energy company JERA, a joint venture between Tokyo Electric Power Co and Chubu Electric Power Co.

Tokyo Gas and Kyushu Electric Power announced on August 30 that they have signed a contract to continue LNG purchases with a new operator of the Sakhalin-2 project in the Far East.

The operator OOO Sakhalin Energy was established on August 5 with a stake in the charter capital of Gazprom Sakhalin Holding. Foreign partners have the right to stay in the project if they announce such a decision before September 5. As reported by Japanese media, Mitsubishi and Mitsui will continue to participate. In turn, Shell did not express a specific position, but the Kommersant newspaper reported on the company’s refusal to renew the contract. In addition, back in February, Shell announced its withdrawal from joint ventures with Gazprom and Gazprom Neft, including Sakhalin-2.

Earlier it was reported that Sakhalin Energy is working on renegotiating long-term contracts with buyers of the energy resource on the same terms, but with the possibility of paying for supplies in another currency if payments in dollars are not made due to sanctions, and conducting operations through Russian banks, for example, Gazprombank .