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Energy

Mitsubishi set to join new Sakhalin-2 Russian operator

Trading house, along with Mitsui, responds to Tokyo's call to ensure LNG supply

The tanker Sun Arrows loads its cargo of liquefied natural gas from the Sakhalin-2 project in the port of Prigorodnoye, Russia.   © AP

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.

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