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
Europe’s Green Energy Transition Faces Unexpected Hurdles
Energy prices across Europe fell below zero for a record number of hours in 2024. …