Russian Oil and NPPs Re-Commissioned: Japan’s Revised Energy Strategy
... appreciable increase in global prices. In July 2022, Takeshi Hashimoto, President of Mitsui O.S.K. Lines, a large transportation company, acknowledged in an interview to the Financial Times that Japan has no choice but to purchase Russian gas saying that Japan cannot stop purchasing Russian LNG owing to soaring energy prices and limited capabilities in nuclear energy. Mr. Hashimoto believes Japan needs the gas it purchases from Russia at relatively low prices under long-term contracts to cover its basic energy needs. While the future of Russian LNG on Japan’s market looks quite bright (at least, until ...