Mitsubishi Corporation

Press Room

September 1, 2022
Mitsubishi Corporation

Sakhalin 2 Project

Mitsubishi Corporation has submitted a letter of notification to the Government of the Russian Federation in relation to taking the ownership of shares in Sakhalin Energy LLC, a limited liability company newly incorporated under the laws of Russia, to operate “Sakhalin 2”, an oil and natural gas development project in Russia, in which we have participated. We have now confirmed that the application has been approved by the Government of the Russian Federation.
We will discuss the terms and conditions of a shareholders agreement with concerned parties and continue assessing the project related risks, assuming various scenarios.
Sakhalin Energy LLC has started supplying LNG from the Sakhalin 2, and at this point, we have confirmed its policy of producing and supplying LNG as planned.

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