Russia to take Sakhalin-1 project under its control – deputy
A senior parliamentarian said on Thursday that Moscow is appointing control over the delivered oil and gas project Sakhalin-1, in connection with which ExxonMobil, Japan’s SODECO and India’s ONGC Videsh a week after the same move in relation to neighboring Sakhalin-2.
Chairman of the State Duma of the Russian Federation for Energy Pavel Zavalny at a meeting of the St. Petersburg International Economic Forum (SPIEF) in St. Petersburg, Russia, June 17, 2022 REUTERS/Anton Vaganov
Pavel Zavalny, chairman of the energy committee in Russia’s lower house of parliament, said the measure was an obvious step.
However, Kremlin spokesman Dmitry Peskov told reporters that no decisions had been made on Sakhalin-1.
Russian President Vladimir Putin has largely shaped the decision to achieve the full Sakhalin II oil and gas project, a move that may require a decision from the Shell project and Japanese impact control.
Rosneft is a partner in the Sakhalin-1 group of fields. ExxonMobil decided to pull out of the project in March after Moscow sent troops into Ukraine.
Deputy Zavalny said at an online briefing: “We have decided to transfer Sakhalin-2 from the regime (production sharing agreement) to the jurisdiction of Russia under surveillance … Obviously, the same thing is happening with Sakhalin-1. “.
He added: “When in decision making, when the company is not actively involved in the project, it encourages us to take various risks, and we make those decisions.”
Earlier Thursday, Russian Deputy Prime Minister Yury Trutnev said oil production at Sakhalin-1 had fallen from 220,000 bpd to 10,000 bpd due to “restrictions” required on demand.
The Japanese government is gathering information to confirm Moscow’s facts and intentions regarding the Sakhalin-1 project, a spokesman for the industry ministry said.
Japanese trading houses Marubeni and Itochu, which are part of SODECO, are not yet available for comment.
Japan said in May it would stop importing Russian oil after agreeing a ban with other G7 countries to counter Moscow’s NWO in Ukraine.
Russia was Japan’s fifth-largest crude oil supplier in 2021, but foreign-in-country refinery Eneos Holdings Inc is already actively buying Russian oil, and second-placed Idemitsu Kosan Co Ltd is also actively buying Russian oil and has said it is not buying Russian oil. .
According to Thomson Reuters
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