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December 22, 2024
 

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SAKHALIN 2

A liquefied natural gas plant operated by Sakhalin Energy in Sakhalin, Russia. Japan, the world's second biggest LNG buyer, depends on Russia for 9% of its LNG.
BUSINESS / Companies / ANALYSIS
Dec 12, 2024
Rival supplies and depleting fields give Japan an exit from Russian gas
Japan, the world's second-biggest liquefied natural gas buyer, depends on Russia for 9% of its LNG.
Japan Times
WORLD
May 4, 2023
Russia races to replace western technology to boost gas exports
Desperate for new markets for its languishing surplus of LNG, Russia is on a mission to boost exports of the fuel by sea.
Japan Times
BUSINESS / Economy
Jan 23, 2023
Sakhalin reliance leaves Japan out of step with G7 despite holding presidency
Sakhalin-1 and Sakhalin-2 in Russia's Far East are an anomaly in Tokyo's otherwise lockstep efforts with allies to reduce dependency on Moscow's hydrocarbons.
Japan Times
BUSINESS / Economy
Dec 20, 2022
Japan sounds out refiners on buying Russian oil from Sakhalin-2, sources say
The Sakhalin Island complex, partly owned by Gazprom and Japanese companies, is vital to Japan's energy security as it accounts for 9% of the country's liquefied natural gas imports.
BUSINESS / Economy
Nov 15, 2022
Russia allows Japan to keep stake in Sakhalin-1 oil and gas project
Tokyo had presented its policy of maintaining Japan's interest in Sakhalin-1, hoping to reduce the country's oil dependence on the Middle East, which stands at about 90%.
BUSINESS / Companies
Oct 18, 2022
Japan will continue talks with stakeholders to decide on Sakhalin-1 project
The industry ministry owns 50% of Sakhalin Oil and Gas Development Co., a consortium of Japanese partners including private firms, that holds a 30% stake in Sakhalin-1.
Japan Times
BUSINESS
Oct 18, 2022
Exxon exits Russia empty-handed with oil project 'unilaterally terminated'
An Exxon spokesperson declined to comment on whether it will proceed to contest the seizure through an international arbitration process, a possibility flagged in August.
Japan Times
BUSINESS
Oct 8, 2022
Putin orders seizure of Exxon-led Sakhalin-1 oil and gas project
Russian President Vladimir Putin on Friday signed a decree that creates a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia's Far East.
BUSINESS
Aug 31, 2022
Russia approves Japan stakes in Sakhalin-2 energy project
Two Japanese trading houses will maintain stakes in the Russian oil and gas project despite Tokyo joining sanctions on Moscow over the war in Ukraine.
Japan Times
BUSINESS / Companies
Aug 25, 2022
Mitsubishi to apply for stake in new Sakhalin-2 LNG operator
The move comes after the Japanese government asked Mitsubishi to 'think positively' about joining the new entity as the Sakhalin-2 is a key source of stable energy supplies for Japan.
Japan Times
COMMENTARY / Japan
Aug 18, 2022
Pacific War hostilities didn’t exactly end on Aug. 15, 1945
The Soviet Union, and thus Russia, permanently damaged Japan's trust with its actions in Sakhalin and the Kuril Islands.
Japan Times
BUSINESS
Aug 17, 2022
Japan utilities get contract offer from new Russian operator of Sakhalin-2
The Russian entity replaces the project operator Sakhalin Energy as Moscow rewrites rules for foreign firms operating in the country amid global sanctions after its invasion of Ukraine.
Japan Times
BUSINESS
Aug 6, 2022
Russia bans investors from 'unfriendly countries' from selling banking and key energy stakes
Western countries and allies, including Japan, have piled financial restrictions on Russia since it sent troops into Ukraine in late February.
BUSINESS
Aug 5, 2022
Japan government asks Sakhalin-2 stakeholders to 'think positively' about new entity
State gas company Gazprom will receive just over 50% of the entity replacing Sakhalin Energy, the current operator.
Japan Times
BUSINESS / Companies
Aug 4, 2022
Russia's Gazprom to get 50% of Sakhalin-2 LNG project replacement entity
Mitsui and Mitsubishi, which hold a combined 22.5% stake in the project, said separately that they are examining details of the new entity.
Japan Times
BUSINESS
Jul 29, 2022
Russia asks Sakhalin-2 LNG buyers to pay for gas through Russian bank
The red tape of switching could delay vital deliveries of the fuel just as the world is grappling with fuel shortages and soaring energy prices.
Freed anti-whaling campaigner Paul Watson arrives in France
U.S.-Canadian anti-whaling environmental activist Paul Watson, who was released from prison in Greenland's capital Nuuk after five months in detention, arrives with Lamya Essemlali, president of Sea Shepherd France, at Charles de Gaulle Airport in Roissy-en-France, near Paris, on Friday.
Nippon Steel alleges undue White House influence on doomed deal review
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Police raided suspect's home to arrest him after fatal Kitakyushu stabbing
Broken window glass is seen at Masanori Hirabaru's house in Kitakyushu's Kokuraminami Ward.
Taiwan lawmakers brawl over bills that would 'damage democracy'
Lawmakers from the Democratic Progressive Party and opposition party Kuomintang brawl in parliament in Taipei on Friday.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
The mighty Mekong River's growing plastic problem
A group of elephant keepers in Chiang Saen, Thailand, remove plastic waste from the Ruak River, a tributary of the Mekong River, as a pair of Asian elephants bathe behind them.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.

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By Alex K.T. Martin

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