REUTERS
July 7, 2022 at 17:15 JST
The LNG export terminal of the Sakhalin-2 project, in which Mitsui & Co. and Mitsubishi Corp. from Japan have invested (Provided by Sakhalin Energy Investment Co.)
MOSCOW--Pavel Zavalny, the head of the energy committee in Russia’s lower house of parliament, said on Thursday that the Sakhalin-1 oil and gas project in the country’s far east, will be put under Moscow’s jurisdiction, just like the neighboring project, Sakhalin-2.
President Vladimir Putin signed last week a decree that seizes full control of the Sakhalin-2 gas and oil project, a move that could force out Shell and Japanese investors.
Four companies--Rosneft, ExxonMoobil, Japan’s SODECO and India’s ONGC Videsh--are partners in the Sakhalin-1 group of fields.
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