Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen correspondent: The US vetoed a UNSC resolution calling for a ceasefire in Gaza, arguing it does not condemn Hamas nor grant "Israel" the right to “self-defense.”
Israeli occupation forces issue a new bombing threat against civilian buildings in the Southern Lebanese towns of Borj Qalaouiye and Chehabiyeh.
Sources to Al Mayadeen: Extending the snapback mechanism deadline will test how independent Europeans truly are from the US.
Sources to Al Mayadeen: Activating the snapback mechanism will nullify the Cairo Agreement, shut the door on cooperation between the IAEA and Tehran, and bar inspections.
Sources to Al Mayadeen: The diplomatic window remains open, but signs of activating the snapback sanctions mechanism on Iran are increasing.
Sources to Al Mayadeen: Although the Cairo Agreement meets an important part of European demands, they have begun speaking of new conditions in recent communications.
Sources to Al Mayadeen: European countries show no independence in their stance toward Iran during the talks.
Israeli occupation forces issued bombing threats to bomb civilian buildings in Southern Lebanon.
Israeli media: Person behind shooting operation at Allenby Crossing is a Jordanian Army soldier.
Israeli media citing Emergency Services: Both wounded in Allenby shooting operation now dead.

Japan interested in keeping shares in Russia-led gas Sakhalin projects

  • By Al Mayadeen English
  • Source: Agencies
  • 8 Aug 2022 13:43
  • 1 Shares
2 Min Read

This comes as the Russian President signed a decree banning unfriendly countries from maintaining shares in the Sakhalin Gas projects.

  • x
  • Japanese minister Koichi Hagiuda (Bloomberg)
    Japanese Economy Minister Koichi Hagiuda (Bloomberg)

Japan plans on keeping its firms’ shares in the Russia-led Sakhalin-1 oil and gas project, notwithstanding the new Russian protocol banning transactions with shares of foreigners from unfriendly countries, prompting the Japanese Minister of Economy, Trade, and Industry Koichi Hagiuda to make a statement on Monday. 

What does the new decree constitute?

Upon Russian President Vladimir Putin ratifying the new decree in the economic-trade relations between Russia and foreign nations, any transactions with shares of foreign persons from countries Russia deems unfriendly in its strategic projects and companies in the fuel, energy, and mining sectors, as well as some banks are banned.

Read more: Russia expands list of 'unfriendly' countries amid Ukraine crisis

Related News

UN chief warns of fragmentation in global finance system

7 arrested in Germany for financing $71,552 for IS terrorist activity

The Sakhalin-1 project was no exception, as the decree bans investors from unfriendly countries from making transactions with shares in it, alongside the Kharyaga oil field until the end of this year.

At a press conference, Economy Minister Hagiuda stated that Japan is aware of the decree and of the fact that it would be impossible to maintain shares and assets in Sakhalin-1 by the end of the year due to the conditions of the new rule. 

“We are currently clarifying the details, so I would like to refrain from commenting. However, for our country, which is 90% dependent on Middle Eastern oil, Sakhalin-1 is an important source of supplies outside the Middle East. There are no changes in our position on maintaining the shares of our companies," Hagiuda further added. 

The Sakhalin-2 project in the works 

Having recently changed its operator with Russia's Gazprom as its majority shareholder, the Sakhalin-2 project is currently exploring two reserves in Russia, northeast of the Sakhalin shelf in the Okhotsk Sea.

The infrastructure circumference entails three offshore platforms, an integrated onshore processing facility, an oil shipping terminal, and a liquefied natural gas (LNG) plant with a capacity of 9.6 million tonnes annually. Sakhalin-2 accounts for about 9% of Japan's LNG imports.

Read more: Japanese FM pressures UAE to pump more oil to lower prices

  • Japan
  • Koichi Hagiuda
  • Finance
  • Russia
  • Gazprom
  • Sakhalin-2
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Why is Choose Love using a firm with British and US intelligence connections to run a pro-Palestine musical event? (Al Mayadeen English; Illustrated by Batoul Chamas)

Together for Palestine: Troubling questions about the organisers of this huge event

  • Opinion
  • 17 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
A screengrab from the ad played on Fox News. (X Screengrab)

Fox airs ad warning Trump not to let Netanyahu 'play' him on Gaza

  • US & Canada
  • 11 Sep 2025
Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

  • Palestine
  • 14 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A Hezbollah supporter who lost his sight in a pager attack carried out by "Israel" on Sept. 17, 2024, covers his eyes with a red headband inscribed with the name "Hussein" during Ashoura, July 6, 2025 (AP)
Politics

'We Have Recovered': Lebanon marks 1st anniversary of Pager Attack

The Arab neighborhood of El Za'im, on the outskirts of east Occupied Al-Quds in the West Bank, near where Israeli government says housing units will be built as part of the E1 settlement project, Thursday, August 21, 2025. (AP Photo/Ohad Zwigenberg)
Palestine

'Israel’s' deliberate policies drive West Bank economy toward collapse

Ben & Jerry's ice cream shop, Wednesday, Feb. 26, 2025, in Cambridge, Mass. (AP Photo/Charles Krupa)
Politics

Ben & Jerry’s co-founder resigns over parent company curbing activism

Trump’s approval rating falls to new low in second term: Poll
US & Canada

Trump’s approval rating falls to new low in second term: Poll

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS