Japan to keep interest in Russia’s Sakhalin 2 gas project

Japan Today | Aug 19, 2022 at 11:10 PM
  • Japan plans to retain its interest in the Sakhalin 2 oil and gas project and will notify Russia of its intention by the early September deadline, with two major Japanese energy companies set to sign on, sources familiar with the matter said Friday.
  • Jera is a thermal power generator jointly set up by Tokyo Electric Power Company Holdings Inc. and Chubu Electric Power Co.
  • Shareholders in the previous operator of the project need to apply for a stake in the new entity by Sept 4.