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Russia approves transfer of Sakhalin 2 stakes to Mitsui, Mitsubishi

September 1, 2022 Comments Off

Russia has approved the transfer of stakes in the Sakhalin 2 oil, gas and LNG project in Far East Russia to Japan’s Mitsui and Mitsubishi, according to separate government orders published Aug. 30 and 31. Russian Prime Minister Mikhail Mishustin signed an order Aug. 26 permitting Japan’s Mitsui to take a 12.5% stake in the new Russian operator of the…