Minister of Economy, Trade and Industry Hagiuda said, "Stable energy supply We will scrutinize the impact on the market. "
"Sakhalin 1" is one of the large-scale oil and gas development projects underway off the northeastern coast of Sakhalin in the Far East of Russia along with "Sakhalin 2". Japan is also deeply involved, but Russia's military invasion of Ukraine. In response, the US oil giant ExxonMobil, which is the center of its business, announced on the 1st of this month that it will start the procedure for withdrawal.
Regarding this, Minister of Economy, Trade and Industry Hagiuda said at a press conference after the Cabinet meeting on the 4th, "Sakhalin 1 is an important project for the stable supply of energy for Japan, which depends on the Middle East for about 90% of crude oil imports. Withdrawal of Exxon Mobile. We will collect information and scrutinize the impact of the statement on the stable supply of energy. "
On top of that, he said, "In the movement to strengthen sanctions on Russia internationally, we would like to keep pace with the G7 as one of the national interests to protect the stable supply of energy and security as much as possible. ".
On the other hand, regarding the widespread movement to stop production in Russia and exports to Russia among Japanese automobile manufacturers, "We are collecting information on the status of corporate activities surrounding Russia and collaborating with industry. However, I would like to do my best to minimize the impact. "