2022-03-28 11:40:00
JAPAN'S, RUSSIAN OIL & GAS PLAN
![JAPAN'S, RUSSIAN OIL & GAS PLAN](/cache/03-22/japan-67.5e52b4dd.jpg)
REUTERS- March 28 - The head of oil and gas developer Japan Petroleum Exploration Co (Japex) (1662.T) said its new mid- and long-term business plan, unveiled on Monday, was based on an assumption that it would keep its stake in the Sakhalin-1 oil and gas project in Russia.
But state-backed Japex is unlikely to make new investments in Russia's energy projects given the current Ukraine crisis, Masahiro Fujita, president and chief executive officer, told a news conference on Monday.
Japan's Sakhalin Oil and Gas Development (SODECO) owns a 30% stake in the Sakhalin-1 project from which Exxon has said it would exit. Japex owns 15.285% in SODECO.
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Earlier:
![JAPAN'S, RUSSIAN OIL GAS PLAN](/cache/03-22/price-0177.87b5b2d7.jpg)
2022, March, 24, 13:20:00
RUSSIAN GAS IN ROUBLES
Gas prices surged 10%, with ICE Brent futures rising to $1,359/1,000 cu m, up from $1,240/1,000 cu m following Putin's remarks
![JAPAN'S, RUSSIAN OIL GAS PLAN](/cache/03-22/price-0154.6ea031cd.jpg)
2022, March, 22, 12:45:00
RUSSIA BYPASSES SANCTIONS
"If oil is sold at a discount, then [consumers] will be happy to buy it. We will earn less, but we will be able to place oil," Novak said.
![JAPAN'S, RUSSIAN OIL GAS PLAN](/cache/03-22/russia-074.197ee16e.jpg)
2022, March, 15, 15:20:00
RUSSIA IS A KEY
In 2021, Russia was the largest natural gas-exporting country in the world, the second-largest crude oil and condensates-exporting country after Saudi Arabia, and the third-largest coal-exporting country behind Indonesia and Australia.
![JAPAN'S, RUSSIAN OIL GAS PLAN](/cache/03-22/japan-65.5fc0be3f.jpg)
2022, March, 15, 14:40:00
JAPAN'S LNG INVESTMENT
Japan also intends to work on renewables and nuclear power in a bid to further diversify its energy sources, as part of its response to the G7 joint statement, which calls for reducing Russian energy dependency in phases, Hagiuda said.
![JAPAN'S, RUSSIAN OIL GAS PLAN](/cache/03-22/price-004.11b7cd94.jpg)
2022, March, 14, 11:50:00
RUSSIA GUARANTEES ENERGY SECURITY
"Russia remains a reliable supplier, a world-class guarantor of energy security. We value this reputation, but are ready for a harsh confrontation in the energy sector, if the need arises,"
![JAPAN'S, RUSSIAN OIL GAS PLAN](/cache/02-22/gas-022.a0f4b841.jpg)
2022, February, 21, 11:45:00
RUSSIAN GAS DELIVERIES: THE LOWEST
"What we've seen over the last six months is that Gazprom has delivered always at the lowest level," she told the Munich Security Conference.
![JAPAN'S, RUSSIAN OIL GAS PLAN](/cache/01-22/japan-64.48393fe3.jpg)
2022, January, 17, 11:25:00
JAPAN GAS PRODUCTION
Japan has found "considerable gas shows" in a series of the country's funded drilling operations conducted by INPEX until the fiscal year 2019-20 (April-March), marking the first domestic project, which enters an exploration phase with the support of the government's geological structure surveys,