Russia has authorized investments by Japanese trading houses Mitsui & Co. and Mitsubishi Corp. in the Sakhalin 2 oil and gas energy project, a step toward resource-poor Japan procuring stable supplies of liquefied natural gas.Mitsui said Wednesday that the Russian government has approved a plan for the trading house to hold a 12.5 percent stake in the project's operator, newly set up by Moscow in early August. The holding would be equivalent to Mitsui's stake in the former operator of the project.The Russian government said the same day that it has also given the green light for Mitsubishi,…READ FULL ARTICLE
