Japanese Mitsui and Mitsubishi pull out of talks on purchase of a share in Yamal LNG

Japanese consortium of Mitsui and Mitsubishi have put out of the negotiations with Novatek, which looks for a buyer for 10 % minus 1 share in Yamal LNG (now it has 60%), two persons that are close to both Japanese companies told the Vedomosti.

Mitsubishi’s representative said only that "now talks [with Novatek] are not conducted". «Mitsubishi and Mitsui weren’t selected the third foreign strategic partner of Novatek in Yamal LNG," - said a representative of Mitsui. The representatives of the Japanese companies declined to give other comments. There are no talks with Mitsui and Mitsubishi for more than a year, said a representative of Novatek. Representative of French Total (which has 20% of Yamal LNG) doesn’t comment on it. The newspaper also failed to get comments from Chinese PetroChina (20%).

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer