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    8031   JP3893600001

MITSUI & CO., LTD.

(8031)
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Delayed Japan Exchange  -  02:00 2022-09-29 am EDT
3158.00 JPY   +0.22%
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Russia's Sakhalin Energy tells LNG buyers to pay via Moscow bank

07/29/2022 | 01:38am EDT
FILE PHOTO: FILE PHOTO: FILE PHOTO: An employee of Sakhalin Energy stands at the Sakhalin-2 project's liquefaction gas plant in Prigorodnoye

SINGAPORE (Reuters) - Russia's Sakhalin Energy Investment Co has asked its liquefied natural gas (LNG) customers to make payments via a Moscow unit of a European bank and is negotiating to switch payment currencies away from U.S. dollars, two sources familiar with the matter said on Friday.

The changes follow Russian President Vladimir Putin's June 30 decree to create a new firm to take over all the rights and obligations of Sakhalin Energy.

Some buyers are already paying via the designated bank but these payments are still made in U.S. dollars, added the sources, who spoke on condition of anonymity.

Among the alternative payment currencies being discussed were the Chinese yuan, the Japanese yen and South Korean won, one of the sources said.

Sakhalin Energy could not immediately be reached for comment. Its LNG buyers, Tokyo Gas and JERA, declined to comment.

(Reporting by Florence Tan in Singapore and Yuka Obayashi in Tokyo; Editing by Jacqueline Wong and Clarence Fernandez)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GAZPROM 0.04% 198 End-of-day quote.-42.32%
MITSUBISHI CORPORATION -0.68% 4115 Delayed Quote.13.44%
MITSUI & CO., LTD. 0.22% 3158 Delayed Quote.15.70%
MSCI SINGAPORE (GDTR) -0.18% 5278.51 Real-time Quote.-15.77%
S&P GSCI NATURAL GAS INDEX -0.13% 321.3316 Real-time Quote.87.08%
SHELL PLC -0.86% 2241.5 Delayed Quote.39.41%
TOKYO GAS CO., LTD. -0.84% 2472 Delayed Quote.20.90%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.97% 7.09047 Delayed Quote.12.64%
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Analyst Recommendations on MITSUI & CO., LTD.
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Financials
Sales 2023 12 301 B 85 123 M 85 123 M
Net income 2023 906 B 6 268 M 6 268 M
Net Debt 2023 3 626 B 25 092 M 25 092 M
P/E ratio 2023 5,43x
Yield 2023 3,97%
Capitalization 4 956 B 34 298 M 34 298 M
EV / Sales 2023 0,70x
EV / Sales 2024 0,75x
Nbr of Employees 44 346
Free-Float 94,2%
Chart MITSUI & CO., LTD.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 10
Last Close Price 3 158,00 JPY
Average target price 4 002,00 JPY
Spread / Average Target 26,7%
EPS Revisions
Managers and Directors
Kenichi Hori Manager-Products Market
Makoto Kan Chief Executive Officer
Tetsuya Shigeta Chief Financial Officer & Representative Director
Tatsuo Yasunaga Manager-Project Works
Isao Kohiyama Chief Operating Officer-IT & Communication
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