Announced that British oil giants will withdraw from oil and gas development projects in Sakhalin, the Russian Far East, following Russia's military invasion of Ukraine.
Mitsui & Co., a major trading company that operates as a joint venture, and Mitsubishi Corporation are planning to consider future measures, but it seems that they will be forced to take difficult measures only for problems related to energy security.
In "Sakhalin 2" held in the northern part of Sakhalin in the Russian Far East, Shell of the United Kingdom, Mitsui & Co. and Mitsubishi Corporation of Japan have invested in a joint venture of a project led by Russia's largest government-affiliated gas company Gazprom. increase.
Shell announced on the 28th that Sakhalin 2 will be withdrawn after the military invasion of Russia by Russia to dissolve the joint venture.
Regarding this, Mitsui & Co. and Mitsubishi Corporation announced a comment saying, "After analyzing the contents of Shell's announcement in detail, we will discuss future measures with the Japanese government and partners."
Most of the natural gas produced by "Sakhalin 2" is exported to Japan as LNG = liquefied natural gas.
Taking advantage of its geographical proximity to Japan compared to the Middle East, Japanese electric power companies and gas companies purchase it under long-term contracts.
Major trading companies are likely to be forced to deal with difficult issues only due to issues related to economic relations between Japan and Russia and energy security.