By Walter Grand in Economy —

Japan intends to maintain its participation in the Sakhalin-2 oil and gas project

Japan intends to maintain its participation in the Sakhalin-2 oil and gas project
Photo by Tianshu Liu / Unsplash

The country announced this amid the release of the Russian government's decree on the creation of a new operator for the project, said Economy, Trade and Industry Minister Koichi Hagiuda.

The Sakhalin-2 project, which accounts for about 8% of Japan's LNG imports, is extremely important for Tokyo in terms of ensuring stable supplies of energy resources, said Hirokazu Matsuno, general secretary of the Japanese Cabinet of Ministers.