As economic sanctions on Russia continue, Minister of Economy, Trade and Industry Hagita said at a meeting after the Cabinet meeting on April 1, the oil and natural gas development project "Sakhalin" that is being promoted in the Far East of Russia with the involvement of a major Japanese trading company. Regarding "1" and "Sakhalin 2", we reiterated our policy of not withdrawing as it is extremely important for energy security.
Among them, Minister of Economy, Trade and Industry Hagita said that "Sakhalin 1" is a valuable source of crude oil from outside the Middle East for Japan, which depends on the Middle East for about 90% of its crude oil imports, and also from "Sakhalin 2". LNG = liquefied natural gas imports also account for about 9% of the total, and he said that it is indispensable for the stable supply of electricity and gas in Japan.
On top of that, "Each project has its own interests and long-term resource take-back rights are secured. In the current situation where energy prices are soaring, energy security can be procured at a lower price than the market price. It's a very important project, "he said, reiterating his policy of not withdrawing.
In addition, Minister Hagiuda has announced that he will not withdraw from the LNG development project "Arctic LNG2", which is being promoted in Russia's Arctic region and is being funded by Mitsui & Co., Ltd. and JOGMEC = Japan Oil, Gas and Metals Mineral Resources Organization. Did.