Tuesday, December 19, 2006. Issue 3564. Page 1.
By Mayumi Negishi
Reuters
TOKYO — Japan’s Mitsui and Mitsubishi are seeking cash from state gas monopoly Gazprom in exchange for part of their stakes in the $22 billion Sakhalin-2 project, sources close to the talks said Monday.
The two Japanese partners, who together hold a 45 percent stake in Sakhalin-2, are in talks with majority stakeholder Royal Dutch Shell about ceding control of the world’s biggest liquefied natural gas project to Russian ownership, the sources said.