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Sakhalin Projects to Effectively 'freeze', Japan Holding Off Decision - Minister

Mar 08, 2022

Japanese industry minister Koichi Hagiuda said on Tuesday that the Sakhalin energy projects 'will effectively freeze' given the exit of Western stakeholders and that Japan would therefore wait to see how the situation plays out to make any decision.Exxon Mobil and Shell have announced plans to exit the Sakhalin-1 and 2 oil and liquefied natural gas (LNG) projects in Russia, respectively, in light of Russia's invasion of Ukraine…

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