The government asked Mitsubishi Corp. to consider investing in the new Russian operator of the Sakhalin-2 oil and gas project in Russia's Far East during a meeting between Economy, Trade and Industry Minister Yasutoshi Nishimura and Mitsubishi President Katsuya Nakanishi.
"We want the public and private sectors to work together to protect Japan's interests and ensure a stable supply of liquefied natural gas," Nishimura told reporters on Wednesday.
Mitsubishi owns a 10% stake in the current operator Sakhalin Energy Investment Co., and Mitsui & Co. holds a 12.5% stake.
Russian President Vladimir Putin signed a decree ordering the transfer of the assets of the Sakhalin-2 project's operators to a new company established by the Russian government.
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