Sakhalin Energy Projects in Russia are Important for Japan - Gov't Spokesman

Kiyoshi Takenaka
Friday, March 25, 2022

Japan aims to reduce its dependence on Russian energy, but Sakhalin oil and gas projects, in which the Japanese government and companies hold stakes, are important for its energy security, Japan's top government spokesman said on Friday.

Shell and Exxon Mobil have announced plans to exit the Sakhalin-1 and 2 oil and gas projects in Russia's Far East, respectively, in light of the Russian invasion of Ukraine. Russia calls its actions in Ukraine a "special military operation".

The Sakhalin 1 project is 30% owned by Sakhalin Oil and Gas Development (SODECO), which is in turn held by the Japanese government and several Japanese companies including trading houses Itochu Corp and Marubeni Corp.

Two other leading Japanese traders, Mitsui & Co and Mitsubishi Corp, own stakes of 12.5% and 10% respectively in the Sakhalin 2 project.

(Reuters - Reporting by Kiyoshi Takenaka; editing by Philippa Fletcher)


Categories: Energy Industry News Activity Europe Production Asia LNG. Gas

Related Stories

CNOOC Starts Production at Two New Oil and Gas Projects

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

CNOOC Boosts Dongfang Gas Fields Output with New Platform Coming Online

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

China’s CNOOC Brings Bohai Sea Oil Field On Stream

Yinson and PetroVietnam JV Get FSO Contract for Vietnamese Field

Saipem Gets $1B Job at BP’s Indonesian Gas and CCUS Project

Makin' a List ... Trump Prioritizes Energy Exploration, Production, Export

BP Greenlights $7B CCUS Scheme Tied to Indonesia LNG Facility

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

Current News

Jadestone Submits Field Development Plan for Assets Off Vietnam

Woodside Inks Long-Term LNG Supply Deal with China Resources

CNOOC Starts Production at Two New Oil and Gas Projects

Argentina YPF to Shed Offshore Exploration Projects

Cairn India Might Invest in US Oil Servicing Firms to Increase Production

All Gas from Conrad’s Mako Field to be Sold to Indonesia’s PLN

ORE Catapult and Japan’s FLOWRA to Jointly Advance Floating Wind

Shell Hires Noble’s Drillship for Work in Southeast Asia

Second Hai Long Substation Heads to Project Site Offshore Taiwan

Shell Launches Next Phase of Malaysia's Deepwater Project with First Oil Production

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com