Economy

Russian Deputy PM Meets Mitsui Official over Sakhalin-2

REUTERS file photo
A worker inspects a pipeline that is part of the Sakhalin-2 project, some 220 km (137 miles) north of Yuzhno-Sakhalinsk on Sakhalin Island October 12, 2006. The Anglo-Dutch oil firm Royal Dutch Shell is laying a section of a 850-km onshore pipeline at Russia’s Pacific island of Sakhalin as part of its Sakhalin-2 project, which is currently being inspected by state officials for environmental violations.

Jiji Press

14:55 JST, September 2, 2022

Tokyo (Jiji Press)—Russian Deputy Prime Minister Alexander Novak has had talks with a senior official from Japanese trading house Mitsui & Co. on the Sakhalin-2 oil and natural gas development project in the Russian Far East.

According to the Russian government’s announcement Thursday, Novak, who is in charge of Russia’s energy policy, stressed that Sakhalin-2 and other joint projects are beneficial for both Japan and Russia.

Novak said he hopes that cooperation between the two countries in the energy field will be strengthened in a comprehensive manner.

The two sides discussed the continuation of the Japanese firm’s operations in Russia. The talks also covered the Russian Arctic LNG 2 liquefied natural gas project, in which Mitsui has interests.

In late August, the Russian government approved the participation of Mitsui and another Japanese trader, Mitsubishi Corp. , in a new company taking over Sakhalin-2 operations.