Royal Dutch Shell Plc  .com Rotating Header Image

KAZINFORM (Japan): Tokyo hopes Moscow is law-guided in handling Sakhalin-2 problems

TOKYO, September 28, 2006. KAZINFORM. – Japan’s government hopes that Moscow will handle the ecological problems confronting the oil and gas project Sakhalin-2 in keeping with Russian laws, First Vice Minister of Economy, Trade and Industry Takao Kitabata said.

He told a news conference on Thursday that Tokyo would watch the developments over the project, whose shareholders include Japan’s major trade and investment corporations Mitsui Bussan and Mitsubishi Shoji.

Kitabata pointed to the fact that Russia’s leaders attach much importance to the implementation of the Sakhalin-2 project.

He expressed the hope that Russia as a “law-ruled country” would adhere to agreements it signed, Kazinform cites Itar-Tass.

A number of Japanese energy and gas companies have signed long-term-contracts for buying, beginning from 2008, liquefied natural gas that will be produced within the framework of the Sakhalin-2 project.

Chiefs of several Japanese business associations sounded concern a few days ago that a delay in the implementation of the project could entail higher prices and adversely affect Japan’s energy security.

Kitabata said in this connection that even if the delay occurred, the energy companies could use other energy resources and buy liquefied natural gas in other places.
The energy supply of Japan will not be affected, he said.

Meanwhile, information of the newspaper Yomiuri adds to Japan’s concerns.

It said that the government of Indonesia, which is the largest exporter of liquefied natural gas to Japan, had notified Tokyo about plans of cutting down exports beginning from 2010.

Liquefied gas deliveries to Japan are to decrease by 6 million tons, which is one-tenth of its annual imports.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “KAZINFORM (Japan): Tokyo hopes Moscow is law-guided in handling Sakhalin-2 problems”

Leave a Comment

%d bloggers like this: