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LDP official cautions Japan against pulling out of key oil development projects in Russia 

  • March 7, 2022
  • , Yomiuri
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Monday’s Yomiuri focused on remarks made during a Sunday TV show by LDP Upper House Secretary General Seko expressing the view that the Japanese government and businesses should think twice about following the lead of Western companies in disinvesting from two major offshore LNG/oil drilling initiatives in the Russian Far East since such moves would have adverse effects on the nation’s goal of ensuring steady supplies of key natural resources. The former cabinet minister in charge of international trade and industry stressed that pulling out of the Sakhalin 1 and 2 projects would end up allowing China to get involved even though Japan has already invested billions of dollars in them.     

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