Japan needs Russian energy

Tokyo wants to keep its investment in Sakhalin oil and gas projects to ensure its energy security, Fumio Kishida has said Japanese companies will continue to participate in Russian energy projects on Sakhalin Island due to their importance for Tokyo’s energy security, Prime Minister Fumio Kishida announced at a meeting of the upper house of parliament on Monday. Kishida told lawmakers that last year Tokyo managed to cut reliance on Russia’s energy resources by slashing oil imports by 90% and coal by 60%. Japan, which currently chairs the Group of Seven industrialized nations, remains in “close cooperation with the

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Last updated : 27 March 2023 clock 04:00 PM

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