- The new Russian operator for the Sakhalin 2 oil and gas project in the Russian Far East has offered Japanese power companies and other buyers the same prices, supply levels and other conditions as before, a source familiar with the deal said Wednesday.
- The new company was launched on Aug 5 following a decree signed by Russian President Vladimir Putin, and Japan — whose relations with Moscow have deteriorated since it launched its offensive in Ukraine — has been waiting to see whether Japanese utilities could maintain their contracts with the operator.
- At present, Jera Co, a Tokyo-based energy company jointly owned by a group company of Tokyo Electric Power Company Holdings Inc and Chubu Electric Power Co, as well as Tokyo Gas Co, Hiroshima Gas Co and several other companies procure liquefied natural gas from Sakhalin 2.
New Russian operator offers Japanese firms same contracts for Sakhalin 2
