TOKYO -- Russia has decided to establish a new operating company for the Sakhalin-2 oil and gas project, the government's Tass news agency reports, with Japanese stakeholders facing the decision of whether to maintain their interests.
The entity will be registered in Yuzhno-Sakhalinsk and run by the head of current operating company Sakhalin Energy Investment under a decree signed Tuesday. Located on Russia's Pacific island of Sakhalin, the project supplies around 10% of Japan's total liquefied natural gas imports.
