Japan Hails U.S. Extension of Sakhalin-2 LNG Import Permit

Japan hails U.S. extension of Sakhalin-2 LNG import permit

The decision allows Japanese trading giants Mitsui and Mitsubishi, which hold stakes in the project, to continue procuring LNG.

U.S. extends waiver allowing Japan to import LNG from Russia

The U.S. Treasury Department said Wednesday it will extend an exemption allowing companies to process transactions related to the Sakhalin 2 oil and natural gas development project in…

US allows oil sales from Russia’s Sakhalin-2 project through June 18

WASHINGTON: The US extended on Wednesday a waiver allowing oil sales from Russia’s Sakhalin-2 project through June 18 next year, a move that likely allows production of liquefied natural gas from the project to continue. The general license, issued by the U.S. Treasury Department, is important for U.S. ally Japan, which gets about 9% of its LNG from Russia. The license allowing transactions with Sakhalin-2 is a waiver to sanctions that had been …