REUTERS
August 25, 2022 at 11:35 JST
An LNG terminal, top, and a pipeline stretching to the LNG carrier Grand Aniva in Sakhalin, Russia, in 2009 (Asahi Shimbun file photo)
Japanese trading house Mitsubishi Corp. said on Thursday it has decided to apply for a stake in the new Russian entity that took over the Sakhalin-2 liquefied natural gas (LNG) project.
Mitsubishi Corp. will submit an agreement form to take a stake in the project by the deadline set for Sept. 4, a spokesperson said.
The move comes after the Japanese government asked Mitsubishi Corp to “think positively” in joining the new entity as the Sakhalin-2 is a key source of stable energy supply for Japan.
Russian President Vladimir Putin signed a decree in June to take charge of the Sakhalin-2 project in Russia's far east, raising the stakes in an economic war with the West and its allies.
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