Japan is sounding out major oil refiners about buying Russian ultra light crude from the Sakhalin-2 gas and oil project to ensure that the plant can continue to operate smoothly, two sources with direct knowledge of the talks said.
and Japanese companies, is vital to Japan's energy security as it accounts for 9% of the country's liquefied natural gas imports.
The government's move signals a potential restart of Russian oil imports by Japan for the first time since June. This is not likely to upset its allies in Group of Seven as they have agreed to"The government is sounding out top refiners to buy oil from the Sakhalin-2 to make sure LNG supply from the project can continue," one of the sources, a senior industry official, told Reuters.
Sakhalin Blend crude exports have fallen to three cargoes per month between October and December, down from five per month before the Ukraine war, Refinitiv data showed.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russian lawmaker: Moscow will use missiles to 'burn' Europeans with napalmThe State Duma member, Pyotr Tolstoy, said that European aid to Ukraine would pale in comparison to Russian artillery.
Read more »
Dead boy pulled from rubble of latest Russian hit on UkraineEmergency crews have pulled the body of a toddler from the rubble in a pre-dawn search for survivors of a Russian missile strike that tore through an apartment building in the central Ukrainian city of Kryvyi Rih.
Read more »
Japan Rolls Out Biggest Military Buildup Since World War IIThe Japanese government on Friday unveiled its latest five-year defense planning document, announcing a $320 billion military buildup that will include missiles capable of hitting targets in China.
Read more »
Pokémon TCG Japan: Scarlet & Violet Ex Preview: Koraidon ExPokemonTCG Japan debuts a new card from the Scarlet & Violet era, Koraidon ex illustrated by the artist of the iconic Pikachu VMAX. Pokemon
Read more »
Dead boy pulled from rubble of latest Russian hit on UkraineAfter a Russian missile strike tore through an apartment building in the central Ukrainian city of Kryvyi Rih on Friday, emergency crews pulled the body of a toddler from the rubble in a pre-dawn search for survivors.
Read more »
Dead boy pulled from rubble of latest Russian hit on UkraineEmergency crews have pulled the body of a toddler from the rubble in a pre-dawn search for survivors of a Russian missile strike that tore through an apartment building in the central Ukrainian cit…
Read more »