Background

Japan’s Mitsui & Co., Ltd. is focused on the development, marketing, distribution and processing of all types of energy products in Japan and overseas, as well as on financial activities.

Gazprom and Mitsui are partners in the Sakhalin II project, which includes Russia's only active LNG plant. The Sakhalin II operator is Sakhalin Energy Investment Company Ltd. (Gazprom – 50 per cent plus one share, Shell – 27.5 per cent minus one share, Mitsui – 12.5 per cent, and Mitsubishi – 10 per cent).

In December 2016 and September 2017, Gazprom and Mitsui signed the Agreement of Strategic Cooperation and the Framework Agreement for cooperation on small- and mid-scale LNG, respectively.