Within the scope of the 12th sanctions package against Russia, the European Union exempted the Sakhalin-2 oil and gas project from compliance with the ceiling price mechanism. This was stated in a message published on: “EU Official Journal”.
“The ceiling price mechanism ensures that certain projects that are important for the energy security of some third countries can be exempt from the ceiling price,” the statement said.
It was announced that the exemption will be valid until June 28, 2024 in order to meet Japan’s energy security needs.
Previously Russian President Vladimir Putin elongated The decree on intervention measures against the Russian oil price ceiling is valid until June 30, 2024.
According to the International Energy Agency (IEA), Russia in November decreased Exports of oil and petroleum products increased by 200 thousand barrels per day.
Deputy Prime Minister Alexander Novak in November announcedIt was stated that Russia decided to deepen the reduction in oil production and exports from 300 thousand barrels per day to 500 thousand barrels.
Putin before details revealed Project to create a gas center on Turkish territory.