Kyodo announced the same conditions for Sakhalin-2 for Japanese companies

Japanese news agency Kyodo citing sources, said that Sakhalin Energy LLC, the new operator of Sakhalin-2, offered the same terms of the contract for Japanese Mitsui and Mitsubishi. It is planned that applications for obtaining shares in the company’s operator will be submitted in September.

According to the agency, the extension of the contract will reduce the fears of the Japanese authorities about a possible increase in prices by Japanese companies, which, if the contract is terminated, will be forced to look for new suppliers of liquefied natural gas.

The Russian Gazprom, the former operator Sakhalin Energy, owned about 50% of the shares, and the Japanese companies Mitsui & Co. and Mitsubishi Corp. — 12.5% ​​and 10% of the shares, respectively.

On August 3, in accordance with the decree of the Russian President, the government ordered transfer the re-registration of Sakhalin Energy. The new operator was given the name Sakhalin Energy LLC. August 4 Minister of Economy, Trade and Industry of Japan Koichi Hagiuda urged Mitsui and Mitsubishi will retain their stakes in the new operator.

Japan is a leader among LNG importers. About 9% of LNG supplies come to Japan from Russia via Sakhalin-2. 65% of LNG is imported from Australia, Malaysia and Qatar, 6% of LNG is from the USA. Hirokazu Matsuno, General Secretary of the Cabinet of Japan informedthat the LNG reserves of the country’s Japanese energy companies are designed for only 2-3 weeks of consumption.

Anastasia Larina