The Ukraine crisis puts Japan's involvement in the Sakhalin-1 and Sakhalin-2 oil and gas projects in sharp focus.
in which Japanese companies own stakes, the industry minister said on Tuesday, April 12.
“We intend to continue to hold the concessions in Sakhalin 1 and 2 projects as they are stable sources of long-term and inexpensive energy and are important to the lives of the Japanese citizens and business activities,” Koichi Hagiuda, Japan’s industry minister, told a news conference. “I have never felt any pressure by the United States to withdraw from the Sakhalin projects,” Hagiuda said when asked about any US pressure.based on the circumstances of each country, he said.
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