Koichi Hagiuda, Japan’s Minister of Economy, Trade and Industry, told the media that the government is monitoring the situation around the Sakhalin-2 oil and gas project and the possible acquisition of shares in British Shell Corporation by Chinese state-owned companies. This has been reported TASS.
Hagiuda stated that Japan’s withdrawal from the project cannot be considered an effective step within the framework of the sanctions pressure against Russia. The Minister added that this step will not protect the interests of the Japanese side in meeting the needs of energy resources, since its share will go to third countries.
It was previously reported by Chinese energy companies – Cnooc, CNPC and Sinopec Group. lead Negotiations regarding the purchase of British Shell’s share in the Sakhalin-2 LNG project. Presumably, we are talking about a share of 27.5% – Chinese companies plan to buy it after Shell’s business in Russia ends. Negotiations are at an early stage, with no talk of a guaranteed completion of the deal yet.
Shell is also open to negotiations with other potential buyers outside of China.
Source: Gazeta
Barbara Dickson is a seasoned writer for “Social Bites”. She keeps readers informed on the latest news and trends, providing in-depth coverage and analysis on a variety of topics.