November 22, 2024 16:47 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma | Baba Siddique murder case: Arrested Akashdeep Gill used a labourer's hotspot to evade tracking, say police | Donald Trump picks 'smart and tough' Pam Bondi as new US Attorney General after Matt Gaetz withdraws | Canadian government denies media report that claims PM Modi knew of Khalistani leader Nijjar's killing | PM Modi bestowed Dominica's highest award at India-CARICOM Summit
Two Japanese companies sign LNG contract with Sakhalin-2
LNG Contract
Image Credit: UNI

Two Japanese companies sign LNG contract with Sakhalin-2

| @indiablooms | 30 Aug 2022, 06:57 pm

Tokyo/UNI: Two Japanese energy corporations, Tokyo Gas and Kyushu Electric Power have signed a contract with a new Sakhalin-2 project operator to buy liquefied natural gas, Japanese media reported Tuesday.

"Tokyo Gas and Kyushu Electric Power have announced on August 30 that they have signed a contract with Sakhalin Energy LLC, a new Sakhalin-2 project operator, to continue LNG purchases," the Kyodo news agency reported.

It comes after the Japanese energy company JERA signed a new contract with Sakhalin Energy LLC earlier in the month.

The new operator of Sakhalin-2, which received the rights and obligations of the previous operator Sakhalin Energy Investment Company Ltd. on Aug. 19, was established on Aug. 5 under a decree by the Russian President Vladimir Putin in response to changes in policy by foreign states toward Russia in wake of its military operations in Ukraine.

International partners of the previous operator could stay in the project if they submit formal requests by Sept. 4.

Earlier, it was reported that Japan's Mitsubishi and Mitsui & Co. decided to further participate in the project whereas Shell would not renew its deals with Sakhalin Energy LLC.

The Sakhalin-2 project is exploring two reserves in Russia's Far East in the northeast of the Sakhalin shelf in the Okhotsk Sea.

The infrastructure includes three offshore platforms, an integrated onshore processing facility, an oil shipping terminal and an LNG plant with a capacity of 9.6 million tonnes per year.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.