Russian media reported that the Russian government has approved the Japanese side to maintain the same 30% interest as before in the oil and natural gas development project "Sakhalin 1" in the Russian Far East.
Following Russia's invasion of Ukraine over the oil and natural gas development project "Sakhalin 1" off the coast of Russia's Far East, US oil giant "Exxon Mobil" announced its withdrawal.
From Japan, a business company "SODECO Sakhalin Oil and Gas Development" invested by the government and major trading companies held a 30% interest in the project. I transferred the business and temporarily managed the interests.
After that, the Japanese side indicated a policy to participate in the business of the new company, and the state-run TASS News reported on the 14th that the Russian government had approved that the Japanese side would maintain the same 30% interest as before.
Regarding the development of oil and natural gas off the coast of Sakhalin, another development project "Sakhalin 2" in which two major Japanese trading companies participate, the Russian government will take over the project after the British oil giant Shell announced its withdrawal from the business. Establishing a new company, the Japanese trading company maintains the same ratio of interest as before.