Japan’s Chief Cabinet Secretary said on Monday the Sakhalin 1 oil and Sakhalin 2 liquefied natural gas (LNG) projects in Russia are “extremely important” for the country’s stable energy supply and it does not intend to abandon its stake in the project.
Hirokazu Matsuno’s remark came after Japan decided to phase out Russian oil imports after agreeing on a ban with other Group of Seven nations (G7) to counter Moscow’s invasion of Ukraine.
Tags Channelnewsasia Japan
Check Also
Saudi Arabia may Cut December Oil Prices for Asia
Top oil exporter Saudi Arabia may cut prices for most of the crude grades it …