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Russia stresses smooth oil and gas output in its Far East region of Sakhalin NHK

Russia has stressed smooth oil and gas production in the country's Far East region of Sakhalin.

The 28th Sakhalin Oil and Gas Energy Forum, a three-day meeting on the development of oil and natural gas, began on Wednesday.

Major oil and natural gas development is underway off Sakhalin under the Sakhalin-1 and Sakhalin-2 projects. The projects are participated by Japanese trading houses and a consortium whose owners include the Japanese government.

In the first session on Wednesday, Sakhalin Governor Valery Limarenko celebrated the 30th anniversary of the Sakhalin-2 project.

The governor stressed that 2023 oil output in the Sakhalin-1 and Sakhalin-2 projects increased nearly 37 percent compared to the previous year.

US oil giant Exxon Mobil and British oil major Shell announced their withdrawal from the energy projects, following Russia's invasion of Ukraine. But Japan maintains its stance of retaining an interest in the projects to protect its energy security.
Summary
The 28th Sakhalin Oil and Gas Energy Forum started on Wednesday, focusing on oil and gas development in Russia's Far East region, specifically Sakhalin. Major projects, such as Sakhalin-1 and Sakhalin-2, led by Japanese trading houses and consortiums with the Japanese government, are underway. The
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ID: 474d38dc-0728-421f-a368-840026ffd452

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20241002_21/

Date: Oct. 2, 2024

Created: 2024/10/03 07:00

Updated: 2025/12/08 10:08

Last Read: 2024/10/03 08:02

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