New Russian operator offers Japan firms same contracts for Sakhalin 2

The new Russian operator for the Sakhalin 2 oil and gas project in the Russian Far East has offered Japanese power companies and other buyers the same prices, supply levels and other conditions as before, a source familiar with the deal said Wednesday.The new company was launched on Aug. 5 following a decree signed by Russian President Vladimir Putin, and Japan -- whose relations with Moscow have deteriorated since it launched its offensive in Ukraine -- has been waiting to see whether Japanese utilities could maintain their contracts with the operator.But as the new operator has presented …READ FULL ARTICLE