Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Mitsui & 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 Back
Revenue(RF), mln.USD
308
Assets(RF), mln.USD
201
Capital(RF), mln.USD
88
Staff(RF), 2021
1569
Taxes(RF), mln.USD
4
Glob.Revenue, mln.USD
108061

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, 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.

The Company Statement
November 03, 2023

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.

January 10, 2024Russia left out in the cold as US sanctions torpedo LNG project
December 26, 2023The Russian Arctic LNG 2 project targeted by U.S. sanctions
December 26, 2023Japan's Mitsui to pull employees out of Russia's Arctic LNG 2 -Sankei
December 25, 2023Companies from China, Japan and France refused to finance a large Russian LNG project due to sanctions
September 16, 2023Japanese Mitsui will comply with indirect US sanctions regarding Arctic LNG 2
September 12, 2023Russia’s Sakhalin-2 Back To Full Production After Maintenance
August 01, 2023Japan's Mitsui signs SPAs for Russian Arctic LNG 2 equity liftings
June 21, 2023Japan's Mitsui says no plans to exit Russia's Sakhalin-2 LNG project
May 16, 2023Consul General of the Russian Federation in Sapporo: Japan can increase purchases of Russian LNG by 9% by 2026
September 01, 2022Russia approves transfer of Sakhalin 2 stakes to Mitsui, Mitsubishi
August 31, 2022Russia approves Japan stakes in Sakhalin-2 energy project
July 01, 2022Mitsui, Mitsubishi Shares Fall as Russia Takes Over Sakhalin-2
March 04, 2022Mitsui's business update on Ukraine situation
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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