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Energy

Sakhalin-2's new operator keeps same LNG terms for Japan buyers

Clients receive notices following Russian project's reorganization

A liquefied natural gas storage facility east of Tokyo. Japan relies heavily on LNG imports for power.   © Reuters

TOKYO -- The new operating company for Russia's Sakhalin-2 oil and gas project has offered the same purchasing terms for clients, a notice sent to several Japanese utilities shows.

Russia on Aug. 5 established a new domestic entity to operate the project, located on the Pacific coast island of Sakhalin. Several client companies have been notified to start buying liquefied natural gas from the new operator.

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