Japan keeps stake in Russian energy project ...News

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Japan keeps stake in Russian energy project
Tokyo says the move will help maintain Japan's energy security Japanese energy company SODECO has decided to retain its 30% stake in the new entity that will manage the Sakhalin-1 oil and gas project in Russia’s Far East, Japan’s Economy and Industry Minister Yasutoshi Nishimura announced on Friday. “It’s an extremely important project,” he said, welcoming the decision which, according to him, will help ensure Japan's energy security. Nishimura said SODECO now has to notify Moscow of its decision by November 11, the deadline set by Russia. The Japanese government owns a 50% stake in SODECO, other shares being held

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