To ensure energy security and meet its oil needs, the Japanese government decided to maintain its involvement in the Casen-1 project.
According to the Japanese newspaper Nikkei, 95% of Japan’s energy resources are imported from the Middle East. The Japanese government has repeatedly stated that it seeks to diversify its energy supply sources, but it is not currently importing oil from “Sakhalin-1,” which is subject to Russian legal sovereignty.
The publication also noted that 30% of the “Casen-1” project shares belong to the Japanese “Sudico” union, and that the final decision in this matter would be made following consultations with the federation’s member businesses, Japex, Itochu, Marubeni, and Inpex.
The newspaper notes that the continuation of Japan’s participation in the “Sakhalin-1” project contradicts the decision of the Group of Seven, which is trying to ban the import of Russian oil, but that the non-governmental “Sudico” association made it clear that it does not see that the time is right to adhere to the ban, and that it will adhere to the decision at the time What you observe is appropriate and done on purpose.
As the Japanese businesses Mitsui and Mitsubishi preserved their breakers following a similar Russian decision, the Japanese side has frequently highlighted that the “Sakhalin-1” project is a key source of securing Japan’s energy, similar to “Casen-2.”
It is noteworthy that the Exxon Neftegaz operator of the American company Exxonmobil, owned 30% of the SAKHALIN-1 shares, but he withdrew in March following the special military operations in Ukraine, and the Japanese operator Sodico remained by 30%, and the Indian ONGC VIDESH 20%, adding, adding. 20% goes to Rosneft, the Russian operator.
Origin: Tas.
Japan makes the decision to rejoin the Sakhalin-1 project.
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