Japan will take action to ensure that the situation in the Arctic LNG-2 project does not harm the stable supply of energy resources. This was reported by the Prime Minister’s Office, citing a statement by the country’s Foreign Minister Yoko Kamikawa.
The reason why the head of the Japanese Ministry of Foreign Affairs made such a comment at the last press conference this year was media reports that foreign participants in the Arctic LNG-2 project declared force majeure on the grounds of US sanctions.
Kamikawa noted that these were negotiations between private companies and that the Japanese government refrained from assessing the reliability of this information. At the same time, the country will make comprehensive decisions to guarantee stable energy supply.
US Treasury in early November contributed Arctic LNG-2 company, which carries out Novatek’s LNG production project of the same name, was also added to the sanctions list. Western media reported that Novatek suspended the participation of foreigners due to sanctions and declared force majeure to buyers.
The Arctic LNG-2 project includes Novatek (60%), as well as a consortium of French TotalEnergies, Chinese CNPC and CNOOC, as well as Japanese companies Mitsui and JOGMEC (10% each). Japan was planning to import 2 million tons of LNG annually from here.
Previously in China spoke against unilateral sanctions