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Energy

Japan tells Mitsui, Mitsubishi to hang on to Sakhalin-2 stakes

Putin move on key LNG project threatens G-7 unity on Ukraine sanctions

A tanker is loaded with liquefied natural gas at the Sakhalin-2 project in Russia. The project supplies roughly 10% of Japan's LNG imports.   © AP

TOKYO -- The Japanese government has urged trading houses Mitsui & Co. and Mitsubishi Corp. to maintain their stakes in Russia's Sakhalin-2 liquefied natural gas project under its new operator.

"The companies already have the stakes, so we agreed that they should hold tight to them," Economy, Trade and Industry Minister Koichi Hagiuda told reporters after meeting with Prime Minister Fumio Kishida on Friday.

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