Russia Orders New Sakhalin-2 Operator to Be Set Up in Far East
- Gazprom to retain just over 50% in Sakhalinskaya Energija
- New entity not listed in Russia’s commercial register yet
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Russia’s government ordered the establishment of a new operator for the Sakhalin-2 gas project in the Far East region, according to a document published in the nation’s legal database.
The entity, called Sakhalinskaya Energija, is to be based in Yuzhno-Sakhalinsk, the main city of the Sakhalin island, where the project is located, according to the order. Russia’s gas giant Gazprom PJSC will hold just over 50% in the company, in line with its ownership in the former operator Sakhalin Energy.