TOKYO : Japanese trading house Mitsui & Co has no plans to withdraw from the Sakhalin-2 liquefied natural gas (LNG) project in Russia, a senior executive said on Wednesday, adding the operation was continuing super-chilled fuel exports to Japan.'We have decided last year to keep our stake in the Sakhalin-
TOKYO : Japanese trading house Mitsui & Co has no plans to withdraw from the Sakhalin-2 liquefied natural gas project in Russia, a senior executive said on Wednesday, adding the operation was continuing super-chilled fuel exports to Japan.
"We have no plan to exit the project at the moment," he said, while adding that Mitsui would make an appropriate change if and when the situation changed because of the Japanese company's policy of complying with any government sanctions. Mitsui and its peer Mitsubishi Corp retained their 22.5 per cent combined stakes in Sakhalin-2 after the Kremlin ordered the establishment of a new locally-based operating company in retaliation for Western sanctions imposed on Moscow after it sent troops to Ukraine last year.
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