Gazprom to receive 50% of entity replacing Sakhalin LNG project
8/3/2022
(Reuters) - Russian energy giant Gazprom will receive 50% of a new Russian entity replacing the Sakhalin Energy liquified natural gas (LNG) project, TASS news agency reported on Wednesday.
Japanese trading houses Mitsui & Co and Mitsubishi Corp on Tuesday cut the value of their stakes in the Sakhalin-2 LNG project in Russia by $1.66 B after Moscow's move to seize control of the project.
(Reporting by Reuters Editing by David Goodman )
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