Now, Japan is nervous

Russian President Putin signed a decree on June 30. With the sanctions against Russia in the West, Russia will set up a new company to take over Russia and Japan's energy cooperation development project "Sahalin 2". This move has received great attention from Japan. Kyodo News reported that the Japanese government, electricity and gas companies were busy confirming the situation on the 1st. Relevant government officials said vigilantly: "It is necessary to confirm the Russian proposition, and the unprecedented sense of tension should be responded."

According to reports, Muhara Muki, deputy head of the cabinet of Japan, said at a press conference on the 1st that "should not harm my country's resources related rights and interests." He also said that "it is currently being investigated in detail" and "this stage cannot be answered" how to deal with it in the future.

The shareholders of the "Sahalin 2" project include Russia's Natural Gas Industry Co., Ltd., Shell Company, Japan's Mitsui Products and Mitsubishi Group. According to Putin signed, Russia's shares will be reserved, and the Russian government will notify other shareholders to obtain shares in the new company within one month.

"Japan Economic News" reported on the 1st that foreign shareholders of "Sahalin 2" can participate in the project as a shareholder of new limited legal persons, but premise that the Russian government agrees with the conditions of the Russian government.

According to the introduction of Japan's Economic and Industry, about 9%of the import volume of LNG (LNG) in 2021 in Japan was made from Russia, almost all from "Sahalin 2".

Right now, Japanese power supply is tight, and Tokyo and other places even call on people to "turn off the lights" to save electricity. Some people from the Japanese government said that "what Russia will do", if the supply will become unstable in the future, power supply and demand may be more tense.

The Japanese Prime Minister Kishida Tato said on the 1st that while paying attention to its influence, considering considering how to deal with relevant companies.

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