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New Russian operator offers Japanese firms same contracts for Sakhalin 2

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Japan will now be begging its masters to be allowed to sign the new deal.

1 ( +17 / -16 )

Dear Japan..

Be smart, it is better to have a close friend and not another "friend" who is on the other side of the pacific and only uses you as a geopolitical platform... And who will not do anything to help you when you are sinking... It will only run away as it always has..

Japan will now be begging its masters to be allowed to sign the new deal.

Unfortunately..

3 ( +13 / -10 )

Tokyo, Japanese are coerced into signing ,when the two biggest oil giants in the world,took a lost, Russian will not have the technical means or supply staff to maintain production

-11 ( +2 / -13 )

Take the deal. Its the best thing for the Japanese people.

7 ( +13 / -6 )

Japan, be wary! Look how the Putin Federation has used oil and gas to control its European clients, and also use moneys got from selling oil and gas to build up Putin's military.

Long, long passed time for Japan, Inc. to invest more in renewables, and to get away from burning huge amounts of polluting oil and gas. Unless Japan Inc. want to continue to enrich and make even more powerful dictators and butchers like Putin, the Ayatollah, MbS and MbZ, along with the globe's fossil economy ruling caste that have started wars since the dawning of the fossil economy.

-3 ( +9 / -12 )

Japan, be wary!

...be very wary, there's every chance you'll loose more money than the $3.5 billion in funding already transferred to the Russian operator.

Your investors also lost $1.7 billion.

Get as far away from Putin as possible.

https://www.reuters.com/business/energy/japans-mitsui-mitsubishi-shave-17-bln-off-sakhalin-2-lng-stakes-2022-08-02/

1 ( +9 / -8 )

Entrapment.

Just following Ukraine upon Crimea, Japan should also set up an advisory council to "deoccupy and reintegrate" the whole Sakhalin alongside the long-claimed northern territories.

-7 ( +5 / -12 )

""The new Russian operator has informed several Japanese players of its intent to sign contacts with them under the same conditions as before, according to the source""

After all Russia is Russia and Mr. Putin is Mr. Putin, and the two are not the same.

-5 ( +1 / -6 )

Hmm attractive though it might seem, unless Japan is willing to abandon their alliances for one with Putin, they could well suddenly lose access to this at his whim. More renewables would be a better investment.

1 ( +7 / -6 )

A good move for Putin. Buy Japan.

1 ( +6 / -5 )

It is so obviously a trap, bated with money for the greedy and short sighted to throw them selves and the Japanese people in to.

Learn from Germany’s mistakes, don’t become reliant on an unreliable energy supplier who has already shown a willingness to extort and blackmail customers for poo tins political purposes. Sign this deal and Japan Inc becomes toxic, associated with dictators, murderers and paedophile rapists, the reputational damage to Japanese products will far outweigh the short term saving on gas.

0 ( +6 / -6 )

Pretty fair deal for Japan.

Japan will now be begging its masters to be allowed to sign the new deal.'

Yep, thats a given. The masters will not be happy.

4 ( +8 / -4 )

Drill, baby, drill!

If it saves me and my 2 cars lots of money at the pump, do it.

Let virtue-signaling western countries freeze in the dark if thats what they want.

-5 ( +4 / -9 )

Oh dear, the far eastern province has been getting friendly with a rival power... the imperial masters back in DC may do something nasty, either a false flag or a 'warning', be on alert everyone.

3 ( +8 / -5 )

Drill, baby, drill!

If it saves me and my 2 cars lots of money at the pump, do it.

Let virtue-signaling western countries freeze in the dark if thats what they want.

Agree.

High-octane isn't cheap.

-5 ( +3 / -8 )

if you are going to sign agreement you will pay for gas in rubles or jpy as usd or euro payment is not accepted by russian side.

if do that you need remove all antirussian sanctions than as you need to stand for your own values and own nations interests instead of interests of USA!

lets hope common sense will prevails as Japan need reliable low cost gas and oil as well.

0 ( +5 / -5 )

The Russians should go for the throat. Seize any Japanese investments without compensation until the state takes action against the occupying force. It will mean regime change but that needs to happen.

-4 ( +3 / -7 )

Yes, prolonging at the same conditions and keeping the 22.5% of the shares and volume, that’s clear. But much more interesting would be, if they also now step into the now free vacancies, taking the former and now free 27.5% minus one shares from Shell. That would give quite a boost for stability in energy supply, but it would probably cause some political issues when contradicting those sanctions.

-3 ( +0 / -3 )

Japan can put its own interests and needs first, or it can, like Europe, put the needs of USA before its own (and watch that heavy rock hit their feet).

-3 ( +5 / -8 )

How embarrassing!

-2 ( +3 / -5 )

Don't do a 'Germany' and sign the deal. Who cares what the west think?

-1 ( +5 / -6 )

Better to sign it or watch the situation in Japan become grimmer than it is now!

-2 ( +3 / -5 )

gotta have rocks in your head if you are willing to believe ANYTHING that comes out of a russian mouth. don't fall for this trap Japan

-1 ( +5 / -6 )

The comments are hilarious.

"It's a trap" "don't buy from dictator" etc ..

Like Saudi etc .. are free Democracies, the Iranian government is there because the USA put a dictator in place before.

Our "friends" the Saudi, Canada, etc... Raised their prices the same day sanctions were announced.

Two faced "environmentalists" like Justin Trudeau were jumping for joy as they welcomed the restarting of the ultra dirty oilsands, and the millions in tax and royalties the government was going to get, all on the backs of mostly the poor.

Buy from Russia or don't in either case Japan will be blackmailed eventually by one side or both.

-5 ( +5 / -10 )

So much for the "Japan got kicked out"

With the other foreign firms got kicked out, Japan now can buy more stakes, LOL

1 ( +3 / -2 )

We need the Sakhalin 2 LNG just as Europe needs the Russian piped gas. We don't have many alternatives and we are the second largest importer of LNG on par with China.

Saudi is buying cheap Russian oil to produce their summer power demand.

7 ( +10 / -3 )

Japan unwilling to learn (from the German disaster).

Still cozying up to Putin and hoping for a return of those northern islands?

-4 ( +2 / -6 )

ok1517

Today 03:37 pm JST

Japan unwilling to learn (from the German disaster).

> Still cozying up to Putin and hoping for a return of those northern islands?

Oh the hysteria.

Germany gets over 30% of its gas from Russia it was also getting over 30% of it's oil.

Japan gets 9% of it's gas.

Not even enough to worry about.

But look at those most happy to push for sanctions,

Hilarious, USA, Canada, UK all oils and gas producers unable to compete at the pre war prices.

And don't forget Ukraine which told Germany not to return the gas pump turbine to Russia and buy it's gas from Ukraine which is making a fortune reselling Russian gas, hilariously Russia is still supplying Ukraine as it sells the gas on to its western neighbours.

Japan should stop buying Russian gas when all of Europe stops especially when Ukraine stops buying and reselling with a profit as it has been doing long before the war.

-5 ( +4 / -9 )

During the last year, all the Big Oil companies have made massive profits.

ExxonMobil posts second-quarter profits of $17.85bn – four times last year’s figure – with Chevron making $11.62bn

Consumers are facing high fuel prices not just at the pump. Soaring energy prices are being baked into delivery costs, which is driving up the cost of everything from apples to toilet paper.

4 ( +7 / -3 )

Redstorm

Today 04:15 pm JST

During the last year, all the Big Oil companies have made massive profits.

> ExxonMobil posts second-quarter profits of $17.85bn – four times last year’s figure – with Chevron making $11.62bn

> Consumers are facing high fuel prices not just at the pump. Soaring energy prices are being baked into delivery costs, which is driving up the cost of everything from apples to toilet paper.

The economist at Bank of Montreal, CIBC, TD Bank, etc... All disagreed with raising interest rates and instead say the fastest way to lower inflation and help the people was to lower oil and gas prices.

The government of Canada rejected everything all Canada's big banks said because the oil industry before Sanctions was dead and that meant less money for the oil companies and the government.

Canada needs $100 a barrel to make the dirty oilsands profitable and now all the oil companies are happy, the government is happy and the people are paying the price.

-4 ( +2 / -6 )

I wouldnt say anything since its quite hard for Japan with resources. but russia can never be trusted, that's a fact. so many disgusting things are done which are obvious, even long before this war.

Id rather see a beautiful Japan work on renewables and seek other suppliers than work with russia, but its not up to me to make a decision.

1 ( +2 / -1 )

Redstorm Today  04:15 pm JST

During the last year, all the Big Oil companies have made massive profits.

ExxonMobil posts second-quarter profits of $17.85bn – four times last year’s figure – with Chevron making $11.62bn

There is no relevance with this post and the article.

This article does not mention the Big Oil companies. There is no reference to Exxon Mobil, or Chevron.

The article is about:

New Russian operator offers Japanese firms same contracts for Sakhalin 2

-7 ( +1 / -8 )

painkiller

The article is about gas and oil

You missed the first paragraph.

"The new Russian operator for the Sakhalin 2 oil and gas project in the Russian Far East has offered Japanese power companies and other buyers the same prices, supply levels, and other conditions as before, a source familiar with the deal said Wednesday."

Everything to do with oil and gas including the high price and the huge profits is all relevant and very much on the topic.

Once again you post nothing about the article.

5 ( +5 / -0 )

RedstormToday  08:55 pm JST

"The new Russian operator for the Sakhalin 2 oil and gas project in the Russian Far East has offered Japanese power companies and other buyers the same prices, supply levels, and other conditions as before, a source familiar with the deal said Wednesday."

You read the first paragraph?

Can you point out where Exxon and Chevron are mentioned?

FYI---they are not Japanese power companies.

-7 ( +1 / -8 )

Exxon and Chevron in Japan

ExxonMobil and its predecessor companies have done business in Japan for over a century. Affiliates of Standard Oil of New York (SOCONY) and Vacuum Oil set up branch offices in Yokohama in 1893, selling kerosene and lubricants.

ExxonMobil Japan G.K. head office: 2-16-4 Konan, Minato-ku, Tokyo 108-8218

Chevron Japan Ltd. manufactures petroleum products. The Company produces and sells gasoline, lubricating oil, diesel oil, and other fuel used for automobiles, vessels, and construction machinery.

Atago Green Hills Mori Tower 2-5-1

April 7, 2021 — Chevron Corporation (NYSE: CVX) today announced its wholly-owned subsidiary Chevron U.S.A. Inc. (Singapore Branch) (“CUSA”) has signed a binding Sale and Purchase Agreement (SPA) with Hokkaido Gas Co., Ltd. for the delivery of liquefied natural gas (LNG) from Chevron’s global LNG portfolio to the Hokkaido area.

Both oil companies are doing business here.

4 ( +5 / -1 )

Exxon Mobil Corp.’s recent announcement to exit the Sakhalin 1 oil and gas project, in which a Japanese consortium owns a 30% stake, to assess the impact on the country’s energy supply.

3 ( +3 / -0 )

RedstormAug. 18  10:30 pm JST

Exxon Mobil Corp.’s recent announcement to exit the Sakhalin 1 oil and gas project, in which a Japanese consortium owns a 30% stake, to assess the impact on the country’s energy supply.

So you think Chevron and Exxon are buying oil from Russia?

-2 ( +0 / -2 )

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