27.03.2023, 07:29
Tokyo will continue to participate in projects on Sakhalin from the point of view of energy security
Source: OREANDA-NEWS
OREANDA-NEWS Japan will continue to participate in energy projects on Sakhalin, as they are important from the point of view of ensuring energy security, Japanese Prime Minister Fumio Kishida said at a meeting of the upper house of Parliament.
According to him, "regarding the exit from dependence on Russia in the energy sector," in the second half of 2022, Japan reduced oil imports from Russia by 90%, coal by 60%. "On the other hand, in the future, according to forecasts, the demand for LNG will grow, so for projects on Sakhalin they are important for ensuring the energy security of our country, so we will retain a share in them. We are in close cooperation with the countries of the "Seven" and the world community on energy supply issues," Kishida said.
He also said that the mechanism for implementing sanctions against Russia, which was agreed by the "seven" countries in February, is aimed at regulating and strengthening the sanctions already adopted, currently being coordinated with other countries.
On August 3, the Government of the Russian Federation decided to create a new operator of the Sakhalin-2 project in the person of Sakhalin Energy LLC with registration in Yuzhno-Sakhalinsk. The new operator was replaced by Sakhalin Energy Investment Company Ltd. Gazprom owned 50% plus one share in Sakhalin Energy, Shell — 27.5% minus one share, Japanese Mitsui and Mitsubishi — 12.5% and 10%, respectively. Gazprom retained its share, Japanese companies Mitsui & Co. Ltd and Mitsubishi Corporation announced their continued participation in the project. Also, energy consumers have signed contracts with the new operator Sakhalin Energy: JERA is a joint company of Tokyo Electric Power Co. (TERCO) and Chubu Electric Power Co., Kyushu Electric Power Company, Tokyo Gas, Tohoku Electric.
According to him, "regarding the exit from dependence on Russia in the energy sector," in the second half of 2022, Japan reduced oil imports from Russia by 90%, coal by 60%. "On the other hand, in the future, according to forecasts, the demand for LNG will grow, so for projects on Sakhalin they are important for ensuring the energy security of our country, so we will retain a share in them. We are in close cooperation with the countries of the "Seven" and the world community on energy supply issues," Kishida said.
He also said that the mechanism for implementing sanctions against Russia, which was agreed by the "seven" countries in February, is aimed at regulating and strengthening the sanctions already adopted, currently being coordinated with other countries.
On August 3, the Government of the Russian Federation decided to create a new operator of the Sakhalin-2 project in the person of Sakhalin Energy LLC with registration in Yuzhno-Sakhalinsk. The new operator was replaced by Sakhalin Energy Investment Company Ltd. Gazprom owned 50% plus one share in Sakhalin Energy, Shell — 27.5% minus one share, Japanese Mitsui and Mitsubishi — 12.5% and 10%, respectively. Gazprom retained its share, Japanese companies Mitsui & Co. Ltd and Mitsubishi Corporation announced their continued participation in the project. Also, energy consumers have signed contracts with the new operator Sakhalin Energy: JERA is a joint company of Tokyo Electric Power Co. (TERCO) and Chubu Electric Power Co., Kyushu Electric Power Company, Tokyo Gas, Tohoku Electric.
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