Japan will not give up oil and gas from Russia

Japan plans to continue purchasing energy resources in Russia
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Russia has refused to sell gas for foreign currency

Japan will not withdraw from the Sakhalin II oil and gas project, as it plans to continue purchasing natural gas from Russia. This was stated by Japanese Prime Minister Fumio Kishida in a speech to parliament.

“This is an extremely important project for our energy security, as it contributes to the long-term, low-cost and stable supply of LNG (liquefied natural gas). We do not intend to leave it, “Kissida was quoted as saying by TASS.

The Sakhalin II oil and gas project is being implemented on Sakhalin by its Sakhalin Energy operator. The Japanese company Mitsui owns 12.5% ​​of the project, but most of the natural gas produced is supplied to Japan.

Earlier, Russian President Vladimir Putin announced new rules for natural gas exports. Now unfriendly countries will be able to buy energy only for rubles. According to VTsIOM, this decision was supported by the majority of citizens – 76%. 27% of respondents believe that it will strengthen the ruble.

Japan, the European Union, the United States, Britain and a number of other countries have imposed tough sanctions on Russia over Russia’s special operation in Ukraine. On February 24, 2022, the Russian leader announced the beginning of a special operation to denazify and demilitarize Ukraine. Russian President Vladimir Putin has said that Western restrictions dating back to the 2000s are aimed at abolishing Russia as a state.

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Japan will not withdraw from the Sakhalin II oil and gas project, as it plans to continue purchasing natural gas from Russia. This was stated by Japanese Prime Minister Fumio Kishida in a speech to parliament. “This is an extremely important project for our energy security, as it contributes to the long-term, low-cost and stable supply of LNG (liquefied natural gas). We do not intend to leave it, “Kissida was quoted as saying by TASS. The Sakhalin II oil and gas project is being implemented on Sakhalin by its Sakhalin Energy operator. The Japanese company Mitsui owns 12.5% ​​of the project, but most of the natural gas produced is supplied to Japan. Earlier, Russian President Vladimir Putin announced new rules for natural gas exports. Now unfriendly countries will be able to buy energy only for rubles. According to VTsIOM, this decision was supported by the majority of citizens – 76%. 27% of respondents believe that it will strengthen the ruble. Japan, the European Union, the United States, Britain and a number of other countries have imposed tough sanctions on Russia over Russia’s special operation in Ukraine. On February 24, 2022, the Russian leader announced the beginning of a special operation to denazify and demilitarize Ukraine. Russian President Vladimir Putin has said that Western restrictions dating back to the 2000s are aimed at abolishing Russia as a state.

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