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Japan's Mitsui, Mitsubishi shave $1.7 bln off Sakhalin-2 LNG stakes

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Japan's Mitsui, Mitsubishi shave $1.7 bln off Sakhalin-2 LNG stakes

Japanese trading houses Mitsui & Co and Mitsubishi Corp have cut the value of their stakes in the Sakhalin-2 liquefied natural gas (LNG) project in Russia by 217.7 billion yen ($1.66 billion) following Moscow's move to seize control of the project.

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Japan's Mitsui, Mitsubishi shave $1.7 bln off Sakhalin-2 LNG stakes

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Japan's Mitsui, Mitsubishi shave $1.7 bln off Sakhalin-2 LNG stakes

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