According to Reuters and TASS, Japanese Minister of Economic and Industry Yasin Nishimura said on the 9th that the "Sakhalin No. 1" oil and gas project on the Russian Far Eastern continental shelf is very important for Japan to ensure the diversification of crude oil imports.

Comprehensive Reuters , TASS reported that Japanese Minister of Economics and Industry Nishimura Yastoshi html said on the 29th that the "Sakhalin No. 1" oil and gas project on the Russian Far Eastern continental shelf is very important for Japan to ensure the diversification of crude oil imports. The background of the Japanese speech was that just two days ago, Russian President Putin ordered the Russian government to set up another enterprise to be responsible for operating the "Sakhalin No. 1" project. This is believed to mean that Russia will take back the dominant operating rights of "Sakhalin 1" from its Russian subsidiary from its US energy giant ExxonMobil. The trends of Japanese companies that originally accounted for 30% of the project have attracted attention.

Yastoto Nishimura, data picture

According to Xinhua News Agency , the "Sakhalin No. 1" project was put into production in 2005, with US and Japanese companies each holding 30% of the shares, while Russian and Indian companies each holding 20% ​​of the shares. After the outbreak of the Russian-Ukrainian conflict, ExxonMobil tried to close its business in Russia since March and transferred its shares in "Sakhalin No. 1", but did not reach an agreement with the Russian side. According to the presidential decree signed by Putin on the 7th of this month, after the establishment of a Russian company responsible for operating the "Sakhalin No. 1" project, the original foreign shareholders of the project will have one month to apply for holding shares in the new entity.

According to TASS, for the "Sakhalin No. 1" project, Yasutoshi Nishimura said on the 9th: "90% of Japan's oil imports rely on Middle East , which has reached 95%. In this case, from the perspective of diversification of (Japanese crude oil imports), "Sakhalin No. 1" is very important. This is a very important project for Japan's energy security and stable supply of (energy resources)." TASS reported that Yasutoshi Nishimura also said that Japan will respond to the Russian decision on the "Sakhalin No. 1" oil and gas project based on relevant laws and stakeholder consultations.