Clean Break: the company completely halting Russian engagements or exiting Russia
Leave Withdrawal
Mitsui & Co., Ltd. is one of the largest sogo shosha in Japan; it is part of the Mitsui Group.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalJapanese 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. The Japanese companies Mitsui, Tajima Lumber and Tajima Kosan became co-owners of one of the largest Russian lumber production enterprises - TM-Baikal LLC (Irkutsk region). 11.04.2024: LLC SHIPPING COMPANY "YAKUTSK" becomes the new founder of the organization. The entry on the founders of the COMPANY "TAJIMA LAMBER CO., LTD", the COMPANY "TAJIMA KOSAN CO. LTD" and the COMPANY "MITSUI AND CO., LTD" was removed from the Unified State Register of Legal Entities. 1 more legal enity left. 06.2024: The entry about the founder of LLC SHIPPING COMPANY "YAKUTSK" was removed from the Unified State Register of Legal Entities. LLC "STARWAY LES" and LLC "STARWAY INVESTMENTS" become the new founders of the organization TM BAIKAL.