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Japan’s Mitsui Ready to Invest Over $1 Billion in Sakhalin-3 Project

Sputnik International

Japanese trading company Mitsui & Co, which already has a share in the Sakhalin-2 oil-and-gas project, is ready to invest over $1 billion in the Sakhalin-3... 02.09.2016, Sputnik International

2016-09-02T02:45+0000

2016-09-02T04:04+0000

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Japan’s Mitsui Ready to Invest Over $1 Billion in Sakhalin-3 Project

02:45 GMT 02.09.2016 (Updated: 04:04 GMT 02.09.2016)

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Japanese trading company Mitsui & Co, which already has a share in the Sakhalin-2 oil-and-gas project, is ready to invest over $1 billion in the Sakhalin-3 project, Mitsui Moscow General Director and Chief Regional Representative of Mitsui in CIS countries Meguro Hiroshi told journalists on Friday.

RUSSKY ISLAND (Sputnik) – The representative said that his company will hold talks with Russia’s Gazprom energy giant on the Sakhalin projects on Friday.

"[We want to invest] over $1 billion for sure, it is a large project," Meguro Hiroshi stressed, adding that Mitsui has been expressing interest in the Sakhalin-3 project for several years.