Japan called Sakhalin-1 an important project for the country

TOKYO, Oct 8 – PRIME. The Sakhalin-1 project remains important in terms of securing stable energy supplies to Japan, the Kyodo news agency reported, citing a senior official at the country’s economy ministry.

Sakhalin-1 is an important project for stable energy supplies – there are no changes in this, ”the agency quotes the opinion of an unnamed official.

On Friday, Russian President Vladimir Putin ordered the government to create a new Russian operator of the Sakhalin-1 project, which will take over the rights and obligations of Exxon Neftegaz limited. The new operator of the Sakhalin 1 project will be managed by the Rosneft structure Sakhalinmorneftegaz-Shelf, at least until all stakes in the operator are distributed, after which the authority of the structure can be extended, follows from the decree of the President of the Russian Federation.

The current operator of the Sakhalin-1 project, Exxon Neftegaz Limited (a subsidiary of ExxonMobil), owns a 30% stake in it. In March, the company announced its intention to withdraw from the project, and in April, the introduction of a force majeure regime, as a result of which the project was almost stopped. At the moment, gas and oil production is completely stopped. Also shareholders of Sakhalin-1 are Rosneft (20%), Japanese Sodeco (30%) and Indian ONGC (20%).