TOKYO -- Mitsubishi Corporation is set to issue a notice that it will participate in the new operating company for Sakhalin-2, a resource development project in the Russian Far East, Nikkei has learned.
In August, Russia transferred operation of the project to a new company, forcing Japanese participants Mitsui & Co. and Mitsubishi to decide whether they would continue their investment. Mitsui has also decided it will announce its continued participation in Sakhalin-2. Both companies are expected to announce their plans by the end of the month while closely watching developments in Russia.
