TOKYO -- Mitsui & Co. and Mitsubishi Corp., stakeholders of Sakhalin Energy Investment Company, on Tuesday slashed the asset value of the project by a combined 217.7 billion yen ($1.66 billion) amid uncertainty over a recent presidential decree.
Energy
Mitsui, Mitsubishi slash value of Sakhalin-2 stakes by $1.66bn
As uncertainty spreads, Japanese trading houses shoulder the burden
An employee of Sakhalin Energy stands at the Sakhalin-2 project's liquefaction gas plant in Prigorodnoye. © Reuters
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