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Japan decided to stay in the Sakhalin-1 project Russian news EN

Minister Nishimura announced Japan’s intention to retain participation in the Sakhalin-1 project

Minister of Economy, Trade and Industry Japan Yasutoshi Nishimura announced Tokyo’s intention to retain its participation in the Russian Sakhalin-1 project. This is reported RIA News.

According to him, 95 percent of Japanese oil imports come from the Middle East, so the project plays an important role in ensuring Japan’s energy security and diversifying imports.

“I held a meeting with the leadership of SODECO and conveyed a request to positively consider this issue,” Nishimura emphasized.

Masahiro Okafuji, head of the Itochu company involved in the project, confirmed that Japan needs to continue buying Russian oil and gas.

Earlier in October, Japanese Prime Minister Fumio Kishida also noted the importance of the Sakhalin-1 and Sakhalin-2 projects for the country’s energy security. Commenting on the effectiveness of sanctions against Russiathe politician indicated that Tokyo is considering the impact of the restrictions on Japanese citizens and businesses.

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