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Japanese companies explore opportunities of cooperating with Russia in gas projects

European companies also became more active on the Russian fuel and energy market in conditions of sanctions, Russian Energy Minister said

© Maxim Slutsky/TASS

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MOSCOW, June 15. /TASS/. Japanese companies are exploring opportunities of cooperating with Russia in natural gas projects, Russian Energy Minister Sergei Donskoi said on Monday on its page in Facebook.

"We know for sure Japan’s companies are currently viewing several projects of cooperation in the gas sphere," the minister said.

European companies also became more active on the Russian fuel and energy market in conditions of sanctions, Donskoi added.

"At the same time, one should not forget that investors of Asian nations are taking even more active position, and not only China and the Republic of Korea, but also Japan, which, by the way, acted with maximal firmness for the purpose of blocking the sanction frenzy regarding PSA projects in the Far East," the minister said. "Only US companies at present may be left in the cold unless they are able to step back from politically biased decisions," Donskoi added.

Japan’s Mitsui & Co. Ltd and Mitsubishi Corporation are taking part in Sakhalin-2 project operated by Sakhalin Energy joint venture. The shareholders of Sakhalin Energy are Gazprom (50% minus one share), Royal Dutch Shell (27.5% minus one share), Mitsui (12.5%) and Mitsubishi (10%).

Japan’s Sodeco is participating in Sakhalin-1 project together with ExxonMobil, India’s ONGC and Russian Rosneft.

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