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No word yet on new Russian company to operate Sakhalin-2 project, says Japan

Published 07/18/2022, 10:02 PM
Updated 07/18/2022, 10:22 PM
© Reuters. FILE PHOTO: A general view shows the Sakhalin-2 project's liquefaction gas plant in Prigorodnoye, about 70 km (44 miles) south of Yuzhno-Sakhalinsk October 13, 2006. REUTERS/Sergei Karpukhin

TOKYO (Reuters) - The Japanese government has not yet received word that a new Russian company set to operate the oil and gas Sakhalin-2 project has been established, industry minister Koichi Hagiuda said on Tuesday.

© Reuters. FILE PHOTO: A general view shows the Sakhalin-2 project's liquefaction gas plant in Prigorodnoye, about 70 km (44 miles) south of Yuzhno-Sakhalinsk October 13, 2006. REUTERS/Sergei Karpukhin

"We will decide on our next steps once the terms of getting involved in the new company are made clear," he added.

A decree issued by Russian President Vladimir Putin in late June that seizes control of gas and oil project Sakhalin-2 via a new company has threatened to cut off a crucial source of gas supplies for Japan.

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