- Russia has authorized investments by Japanese trading houses Mitsui & Co and Mitsubishi Corp in the Sakhalin 2 oil and gas energy project, a step toward resource-poor Japan procuring stable supplies of liquefied natural gas.
- The Tokyo-based firms’ moves to invest in the new operator, set up by Moscow to take control of the natural resources project in the Russian Far East, come as Japan aims to secure a stable supply of LNG amid market disruptions following Russia’s invasion of Ukraine.
- An affiliate of Russian energy firm Gazprom has a controlling stake in the new operator.
Russia OKs Japanese firms’ investment in Sakhalin 2 energy project
