Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackMitsui & Co., Ltd. is one of the largest sogo shosha in Japan; it is part of the Mitsui Group.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackJapanese trading house Mitsui & Co has no plans to withdraw from the Sakhalin-2 liquefied natural gas (LNG) project in Russia, a senior executive said, adding the operation was continuing super-chilled fuel exports to Japan. Japan's Mitsui signs SPAs for Russian Arctic LNG 2 equity liftings. Companies from China, Japan and France refused to finance Russia's large LNG project due to sanctions. We are talking about the Chinese CNPC and CNOOC, the Japanese Mitsui and JOGMEC consortium, as well as the French TotalEnergies. Each of them owns 10% of Arctic LNG-2, and 60% belongs to NOVATEK.
Continuing operations within sanctions compliance & shares in Sakhalin-2 project. The consortium consisting of Mitsui & Co and the Japanese national oil and metals company JOGMEC retained a ten percent stake in the Novatek Arctic LNG-2 project. With the only clarification that since March of last year, Japan has frozen new investments in this project due to financial sanctions. Japanese trading company Mitsui & Co (Mitsui) has announced that it will invest in the operating company of Russia’s Arctic LNG 2 project.