Japan will remain a stakeholder in the Russian Sakhalin-1 oil and gas project after the government asked the Japanese companies that participated in the original consortium to retain their stakes in the new entity that will operate the project. Russia’s president signed a decree to change the ownership of Sakhalin-1 last month, with the state setting up a new entity to manage the project. Previous shareholders such as Japan’s SODECO consortium were offered the chance to retain their stakes. SODECO, or Sakhalin Oil and Gas Development…
