Russian Chargé d’Affairs to Japan Gennady Ovechko said that cooperation between Russia and Japan in the energy sector is a rare example of sound thinking against the backdrop of Japanese support for sanctions against Russia.
Ovechko indicated that Japan imported energy resources worth $11 billion from Russia in the past 2022.
The Chargé d’Affaires added: “These are rare oases of common sense – cooperation is taking place in the fields of energy and fisheries. Last year, the export volume of Russian energy resources exceeded $11 billion. Russian exports in 2022 grew by 8.8%, reaching $15.38 billion, due to Mainly due to favorable pricing conditions for energy resources and raw materials. In the structure of Russian exports, liquefied natural gas accounts for 34.4%, coal – 24%, non-ferrous metals – 14.6%, food products, especially fish and seafood – 7.9%.
It is noteworthy that Japan joined other G7 countries in imposing a price ceiling on Russian oil of $60 per barrel. But Tokyo excluded raw materials in the “Sakhalin-2” project, of which liquefied natural gas is the main product, and the supply of oil is linked to gas contracts.
Thanks to Sakhalin-2, Japan receives about 9% of LNG imports, and Russia’s blue fuel accounts for about 3% of all electric power generation there.
This article was originally published by RT.