Japan will make sure its energy supplies are not affected by sanctions the United States recently imposed on the Arctic LNG 2 project in Russia in which it has a stake, Industry Minister Yasutoshi Nishimura said on Tuesday.
Japan, the world's second-largest liquefied natural gas (LNG) buyer, relies on LNG as a transition fuel before it reaches carbon neutrality in 2050, and has supply contracts and stakes in projects globally to guarantee imports.
The Arctic LNG 2 project is to be launched next month, with shareholder Japan eligible for 2 million metric tons of LNG per year, or 3% of total imports, once the plant is fully operational in the second half of this decade.
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