Shell, a major British oil company, has announced that it will withdraw from the oil and gas development business "Sakhalin 2" in Sakhalin, Russia.
Sakhalin 2 is a large-scale project in which a major Japanese trading company also invests, and it seems that the response of the Japanese side will be questioned.
Sakhalin 2 is an international development project such as producing LNG = liquefied natural gas from natural gas in northern Sakhalin. It is a joint venture led by Russia's largest government-affiliated gas company Gazprom, Shell in the UK, and Mitsui & Co. in Japan. And Mitsubishi Corporation have each invested.
Regarding this, Shell announced on the 28th that it will withdraw from all Russian businesses and will also withdraw from Sakhalin 2 by canceling the joint venture.
It also said it will end its involvement in Nord Stream 2, a business that supplies gas from Russia to Germany by pipeline.
Shell said in a statement, "We will comply with relevant sanctions in consultation with governments around the world," and the withdrawal of Shell is likely to challenge the Japanese side.
Most of the LNG produced in Saharin is exported to Japan, making it an important energy source for Japan from the perspective of energy security.