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Japan has decided to maintain its interests in the Sakhalin 2 oil and liquefied natural gas project in the Russian Far East, with the government coordinating with two Japanese stakeholders to that end, government sources said on July 16.
Japan’s Ministry of Economy, Trade and Industry has requested the EU to “avert the impact” on Sakhalin equity oil liftings from the EU’s ban on insuring and financing seaborne transport of Russian oil to third countries, a METI source told S&P Global Commodity Insights June 22. The METI confirmation came after Petroleum Association of Japan ...
Japan will consider measures for the EU’s imposition of its ban on insuring and financing seaborne transport of Russian oil to third countries because it will make it difficult to maintain its imports of Russian crude oil, a Japanese government source told S&P Global Commodity Insights on June 7. “We are scrutinizing the impact for ...
Japan will ban “in principle” Russian oil imports following the latest commitment by leaders of the G7, Prime Minister Fumio Kishida said May 9. Based on the latest G7 leaders’ joint statement, we have decided to impose a ban in principle on Russian oil imports,” Kishida told reporters. Kishida’s remarks came after G7 leaders agreed ...
South Korea is on course to sharply reduce crude imports from Russia with shipments from the OPEC+ producer tumbling by more than 40% year on year in March, as refiners aim to avoid trade, logistics and financial complications, while light sweet US crude is considered the country’s best option to fill any Russian supply gaps. ...