Russia to set up new firm for Sakhalin-2, future of Japanese stakes unclear

Aug 04 (NHK) - The Russian government says it will establish a new company to take over the Sakhalin-2 oil and liquefied natural gas project in the country's Far East.

Sponsored Links

Travel and accommodations

Tokyo's hottest fashion

Hiring in Japan now

Buzzing Popular Restaurants

The announcement adds uncertainty for the Japanese companies with stakes in the project.

The Kremlin said on Wednesday that the new company will be based in Yuzhno-Sakhalinsk, the main city of the Sakhalin region.

The project is currently operated by Sakhalin Energy Investment Company.

Its shareholders are Russia's state-affiliated gas firm Gazprom, Britain's Shell and Japanese trading houses Mitsui & Co. and Mitsubishi Corporation.

Shell has a 27.5 percent stake in Sakhalin Energy, while Mitsui and Mitsubishi hold 12.5 percent and 10 percent respectively.

Russian President Vladimir Putin signed an order on June 30 to establish a new company and transfer Sakhalin Energy's assets to it.

The government on Tuesday said the necessary registration process should be carried out within three days. ...continue reading

Source: ANNnewsCH

Paris Olympics Open with 6km Parade on Seine

The 33rd Summer Olympics in Paris officially commenced with an opening ceremony held on the Seine River in the city center on the 26th (27th Japan time).

Japan Drafts Guidelines for Leftover Takeaway

Japan's Ministry of Health, Labour and Welfare has initiated the creation of guidelines for taking home leftovers as part of its efforts to reduce food waste. Restaurants are hopeful for clear directions on preventing food poisoning.

Japanese Women’s Life Expectancy at 87.14 Years, Men’s at 81.09 Years

Japan's Ministry of Health, Labour and Welfare have announced the average life expectancy for Japanese people last year, with women having an average life expectancy of 87.14 years, and men 81.09 years, both about half a month higher than the previous year.

Air Con Thefts 'Not Cool'

Theft of air conditioner outdoor units has surged as Japan's heatwave continues, leaving some businesses unable to run critical cooling systems.

Second Death of Hyogo Prefectural Employee Uncovered

As power harassment allegations against the governor of Hyogo Prefecture continue to swirl, it has been revealed that another prefectural employee has passed away, with the prefecture delaying a formal announcement of the death by 3 months.

MEDIA CHANNELS

MORE Business NEWS

Temp Job App 'Timee' Debuts on Tokyo Stock Exchange Growth Market

Temp job matching service 'Timee' has gone public on the Tokyo Stock Exchange amidst increasing labor shortages and diversified work styles.

Government Offers 5 Yen Reward for Using Amazon's 'Leave Delivery' Service

Starting in October, the Japanese government will introduce a new support measure aimed at addressing the logistics industry's labor shortage, known as the "2024 Problem," by offering up to 5 yen in points per delivery for using services like "Leave Delivery," where packages are left at the door.

Lawson's Delisting Ends on High Note

Convenience store giant Lawson was delisted from the Tokyo Stock Exchange Prime Market on July 24, as it enters a joint management system with Mitsubishi Corporation and KDDI.

Shibuya Launches Latest Development 'Sakura Stage'

A new multi-use complex has opened in Shibuya, Tokyo, an area experiencing a significant development boom, often described as a once-in-a-century transformation.

Record Rise in Japan's Minimum Wage

The national average minimum wage for this fiscal year has been set at 1,054 yen per hour, with the increase of 50 yen marking the largest ever.

Has Inflation Revived Japan’s Economy?

When inflation picked up a few years ago, no one was happy - well, apart from Japan, who might be able to pick itself up from its deflationary funk. So, could a sudden inflation spike be the beginning of Japan's long-awaited recovery? (TLDR News Global)

Amazon Starts Prescription Drug Delivery in Japan

Amazon has launched a new service in Japan called Amazon Pharmacy, which delivers prescription drugs to customers' homes.

NTT West to End 'Town Page'

NTT West announced that it will end its 'Town Page' phone directory and '104' phone inquiry services in March 2026.

< 2 3 4 5 >