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All rights and obligations of the company will be transferred "Sakhalin" Energy Investments, to a new company that will be created by virtue of the decree that was signed, Thursday.
and own "twenty"and two Japanese trading companies, namely Mitsui AndMitsubishijust under 50 percent of the company "Sakhalin".
The five-page decree, which came under the Western sanctions imposed on Moscow Because of its military operation in Ukraine, the Kremlin "It will now decide whether foreign partners can stay"according to Archyde.com.
and owns a company "Gazprom" State-owned already 50 percent, in addition to one stake in the project "Sakhalin 2"Its production represents about 4 percent of the world’s LNG production.
This move threatens to destabilize the market liquefied natural gaswhich is already in short supply, although Moscow has said it "Sees no reason to halt shipments of Sakhalin 2".
Japan imports 10% of the liquefied natural gas annually from RussiaThis is done mainly under a long-term contract from "Sakhalin 2". The measure also raises risks for Western companies still in Russia.
Many Western companies have completed their business in Russia Indeed, while other companies have said they are in the process of doing so, Putin’s move adds complications to an already complex process for those looking for a way out.
Moscow is preparing a law, expected to be passed soon, to allow the state to confiscate the assets of Western companies that have decided to leave.
Company explained "twenty" Months ago, it intends to withdraw from "Sakhalin 2", is in talks with potential buyers. And she said, Friday, that she "Studied" Russian decree.
and own "twenty" 27.5% minus one stake in a project "Sakhalin 2"It is one of the largest liquefied natural gas projects in the world, with a production of 12 million tons. Its shipments are mainly directed to Japan AndSouth Korea AndChina AndIndia and other Asian countries.
Japan, which relies heavily on imported energy, has said it will not give up its interests in "Sakhalin 2"Japan’s Mitsui owns 12.5 percent, and Mitsubishi 10 percent.
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All rights and obligations of the “Sakhalin” Energy Investment Company will be transferred to a new company that will be created by virtue of the decree signed on Thursday.
and own”twenty‘, and two Japanese trading companies, namely Mitsui AndMitsubishiJust under 50 percent of Sakhalin..
The five-page decree, which came under Western sanctions imposed on Moscow Because of its military operation in Ukraine, the Kremlin “will now decide whether foreign partners can stay,” Archyde.com reported.
The state-owned “Gazprom” already owns 50 percent, in addition to one stake in the “Gazprom” project.Sakhalin 2“, whose production represents about 4 percent of the production of liquefied natural gas in the world.
This move threatens to destabilize the market liquefied natural gaswhich is already in short supply, although Moscow said it “sees no reason to halt shipments of Sakhalin 2”..
Japan imports 10% of the liquefied natural gas annually from RussiaThis is done mainly under a long-term contract from “Sakhalin-2”. The measure also raises risks for Western companies still in Russia.
Many Western companies have completed their business in Russia Indeed, while other companies have said they are in the process of doing so, Putin’s move adds complications to an already complex process for those looking for a way out.
Moscow is preparing a law, expected to be passed soon, to allow the state to confiscate the assets of Western companies that have decided to leave.
Shell announced months ago that it intended to withdraw from Sakhalin 2, and was in talks with potential buyers. On Friday, she said she was “studying” the Russian decree.
Shell owns 27.5% minus one share in the Sakhalin 2 project, which is one of the largest liquefied natural gas projects in the world, with a production of 12 million tons. Its shipments are mainly directed to Japan AndSouth Korea AndChina AndIndia and other Asian countries.
Japan, which relies heavily on imported energy, said it would not give up its interests in Sakhalin 2, with Japan’s Mitsui owning a 12.5 percent stake and Mitsubishi 10 percent..