Jera does not expect sanctions to impact Sakhalin-2 LNG imports
Japanese joint venture Jera on March 2 said financial sanctions on Russia are not expected to impact its LNG imports from Sakhalin 2 project however it is watching the situation closely.
“Currently, we don't have any comment that it will impact the supply from the seller. We would like to continue to monitor the situation carefully,” the company told NGW via e-mail. Jera is a 50-50 joint venture between Tokyo Electric Power Company and Chubu Electric Power.
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Most of the Russian LNG exports to Japan come from the Sakhalin project. In addition to Jera, Hiroshima Gas, Osaka Gas, Saibu Gas, Toho Gas, Tokyo Gas, Kyushu Electric and Tohoku Electric have contracts to purchase LNG from the project.
The US, the EU, the UK and Canada have banned certain Russian banks from SWIFT, a global messaging service that connects financial systems. The US and the EU have also slapped sanctions on the Russian central bank.