Governor of Sakhalin discusses participation of Japanese businesses in Region's economy

Governor Oleg Kozhemyako of the Sakhalin Region has taken part in the work of a Russian delegation that has arrived at Tokyo headed by Yury Trutnev, the Presidential Plenipotentiary Envoy to the Far Eastern Federal District.

Governor of Sakhalin discusses participation of Japanese businesses in Region's economy

Governor Oleg Kozhemyako of the Sakhalin Region has taken part in the work of a Russian delegation that has arrived at Tokyo headed by Yury Trutnev, the Presidential Plenipotentiary Envoy to the Far Eastern Federal District.

Oleg Kozhemyako and Esihira Sigehisa, a honorary chairman of JGC, have discussed the projects that may be potentially participated by the group of companies in the Region. JGC features experience of investing into Russia and intends to continue to construct greenhouse compounds and is looking for new investment opportunities. The Sakhalin Region is likely to become a new focal point for the company. The Sakhalin Governor emphasized that the residents of the island region are interested in not only greenhouses as such but also in Japanese protected ground vegetable production technology allowing to get heavy yields.

Esihira Sigehisa has shown a keen interest in Sakhalin projects designed to construct capacities to produce liquefied and compressed gas and to create a network of gas-filling stations for motor vehicles. The parties discussed projects associated with an oil refinery and a facility to produce laminated timber for wooden house construction. Oleg Kozhemyako and Esihira Sigehisa agreed that the Region's officials and representatives of the Japanese company would identify specific projects that JGC might be involved in.

The theme of hydrocarbon resources featured by the Sakhalin Island was also taken up during meetings that involved the managements of Mitsubishi Corporation and Mitsui & Co Ltd. These two internationally known corporations are shareholders of Sakhalin 2, a large-scale project. The Governor discussed with the managements of the corporations prospects for further developing the Sakhalin 2 Project. They are associated with the construction of the third process string at the existing LNG plant, production increase and creation of a gas chemical facility on the Island. it was voiced in the course of meetings held with Mitsubishi Corporation and Mitsui & Co Ltd that the cooperation must not be limited to oil and gas only. The Parties may develop their mutually beneficial cooperation in connection with the construction of an air terminal in Yuzhno-Sakhalinsk and creation of a series of factories to process solid household wastes and to manufacture sandwich panels, laminated timber and other building materials. "The Government of the Sakhalin Region is ready to provide the investors with utmost support", Oleg Kozhemyako is quoted as saying to its interlocutors.

One more news was voiced during the meeting held between the Russian delegation's members and Kazuhiko Mori, the CEO of Iida Group Holdings. A new wood processing facility may appear in the Sakhalin Region. The company intends to embark on a project associated with the construction of economy class wooden residential homes in the Primorye Territory and other regions of the Russian Far East.