27.03.2023, Tokio.
Japan will continue to participate in Sakhalin liquified natural gas (LNG) projects, as it is necessary for the energy security of the country, Prime Minister Fumio Kishida said, RIA Novosti informed on March 27.
Kishida said that at the end of 2022, Japan stopped buying 90% of Russian oil and 60% of coal. However, experts predict that demand for liquefied natural gas (LNG) will continue to grow.
“The projects in Sakhalin are important for our country’s energy security, so we will preserve our stake in them,” the prime minister states.
In addition, Kishida pointed out that Japan cooperates closely with G7 countries and the international community on oil and gas supplies issues. The February anti-Russian sanctions approved by the G7 are designed to strengthen existing restrictions.
Rossa Primavera News Agency informed earlier that ExxonMobil oil company and Shell, a British oil and gas company, left eastern Russia by refusing to participate in the Sakhalin-1 and Sakhalin-2 projects.
Source: Rossa Primavera News Agency
