Novak, Mitsui discuss projects in Russia, intensification of cooperation on investment, technology in energy sector

MOSCOW. Sept 2 (Interfax) - Deputy Prime Minister Alexander Novak and Mitsui & Co executive Motoyasu Nozaki discussed bilateral business cooperation in the energy sector between Russia and Japan and issues related to the continuation of the Japanese company's operations in Russia at a meeting in Moscow, the Russian government's press service reported.

Attention focused on the further development of gas production and processing projects on Sakhalin Island, including as part of the Sakhalin-2 production sharing agreement, as well as the Arctic LNG 2 and Yamal LNG projects, the statement said.

"Sakhalin-2 is one of the company's largest projects. Mitsui joined its development in 1986, becoming the only company to develop the project from the very beginning. Work on the Sakhalin-2 project and other joint projects is mutually beneficial for our countries. We hope for the comprehensive intensification of our cooperation in the energy sector, foremost in the areas of investment and technology," Novak said.

Novak also invited Nozaki to the REN-2022 International Forum, which will be held in Moscow on October 12-14.