Writes about this agency Bloomberg.
According to experts, this decision will narrow the global fuel markets for Western countries and lead to direct competition between Europe and Japan for alternative sources of imports.
“If the Sakhalin-2 project, which supplied fuel to Japan at competitive prices, is in such a limbo, spot prices could increase further and provoke panic,” said analyst Hiroshi Hashimoto.
Analysts are of the opinion that this will encourage Tokyo to buy gas in other markets, which are already crowded.
On June 30, Putin signed a decree on the application of special economic measures in the fuel and energy sector in connection with the unfriendly actions of a number of countries.
According to the document, Sakhalin Energy, the operator of the Sakhalin-2 project, will be replaced by a new, Russian legal entity.
At the same time, the property of Sakhalin Energy will be transferred to the ownership of Russia with simultaneous transfer for free use to the new operator Sakhalin-2.
At the same time, the government will enable foreign shareholders to keep their shares in the new Sakhalin-2 operator, which will be a Russian LLC.
If the shareholders refuse, the state will be able to sell their shares, and transfer the proceeds from the sale to special accounts opened in the names of the shareholders.
In April, the Financial Times reported that British-Dutch oil and gas group Shell had initiated a "painful exit" from Russia's Sakhalin-2 energy project.