Japanese energy firms cling on to their Russian assets

The Economist LogoThe Economist1 mo ago

Japanese energy firms cling on to their Russian assets

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Sakhalin Oil and Gas Development Company, a public-private partnership, will hold on to 30% of the oil-producing Sakhalin-I; two big trading houses, Mitsui and Mitsubishi, will keep their 12.5% and 10%, respectively, of Sakhalin-II, which pumps out liquefied natural gas (lng).

Japan’s prime minister, Kishida Fumio, has talked faintly about joining a Western embargo on Russian oil and has been silent on Russian gas.

Exports to Russia of high-performance machine tools, quantum computers, 3d printers and other items have been blocked by Japanese sanctions.

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Article Details

Category: EconomyFinance

Topics: Economic policy Economic sanction Japan Energy industry Shell Oil Company Russia National government Sakhalin Natural gas Energy and resource Business enterprise China Ukraine

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 09:22:10

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 4 minutes read

Article Length: 698 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 22872

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