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Ukraine: Japan towards phasing out Russian oil

2022-05-09T02:04:45.430Z


Japanese Prime Minister Fumio Kishida announced his intention to start a process of phasing out oil supplies from Russia, in line with what was discussed in the online summit of the G7 countries. (HANDLE)


(ANSA) - TOKYO, 09 MAY - Japanese Prime Minister Fumio Kishida has announced his intention to start a process of gradual elimination of oil supplies from Russia, in line with what was discussed in the online summit of the G7 countries.


    "Matching the universal and fundamental values ​​of nations has never been more important than now, with the world standing at a historical crossroads," Kishida told NHKTv.

The Japanese premier admitted that this is a difficult decision for Japan, devoid of natural resources and largely dependent on imports of raw materials after the Fukushima accident, but what is more important is "the spirit of solidarity between the countries of G7 ".

According to data from the National Trade Organization (JETO), Russia contributed about 3.6% of oil supplies to Japan in 2021, and 8.8% of natural gas supplies.

However, important companies in the Rising Sun remain linked to the Sakhalin-2 project in Russia on liquefied natural gas (Lng),


    Leading Japanese brokerage firms, including Mitsui & Co. and Mitsubishi Corp, own 12.5% ​​and 10% respectively in the prospectus, the same from which UK Shell announced its departure in March, and 50% owned by the company. of Russian state Gazprom.

Prior to the Fukushima nuclear accident in March 2011 - which resulted in the shutdown of four-fifths of nuclear power plants in the archipelago, there were 54 reactors capable of generating around 30% of the country's energy needs in Japan.


   Sakhalin-2 saw the start of operations in Russia in 2009, with a capacity of approximately 10 million tons of Lnges exported and distributed mainly between Japan, China and South Korea. (ANSA).


Source: ansa

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