Russian Oil and NPPs Re-Commissioned: Japan’s Revised Energy Strategy
... late July 2022, the minister of economy, trade and industry sent a clear signal to Japan’s oil traders , saying that Japan’s government does not call on companies to continue with their refusal to purchase Russian oil as part of supporting Western sanctions since it is up to the companies alone to decide whom to purchase oil from. Clearly, this is a somewhat disingenuous statement as Japan’s government sets quotas on imports of energy resources and knows ex officio where these resources come from. As for the imports of Russian gas, so far, not a single one out of eight Japanese companies getting LNG from Sakhalin-2 said it intended to suspend contracts. To complete the picture,...