Russia’s Ukraine sanctions impact sends oil and gas revenues down while Gazprom heads for $11Bln losses
The Russian Finance Ministry said that that the federation’s oil and gas revenues decreased by 26 percent in the first 10 months of the year amid warnings that natural gas and LNG producer Gazprom was heading for record losses and another gas company Novatek faced financial disruption to its Arctic LNG II project.
Japanese Minister Nishimura gets assurances that Australia’s green extreme will not affect resource supplies
Japan said assurances had been received during the official visit of a delegation from Tokyo that more extreme green policies by Australia would not affect Japanese energy security and the stable supply of Australian LNG and coal.
Japanese seen as reluctant to follow Shell and replace Russian LNG from Sakhalin-II at cost to Japan of $15Bln
Japan would pay one-third more per annum for imported liquefied natural gas if it followed the route of Shell and exited the Sakhalin II LNG project in the Russian Far East where two Japanese trading houses are shareholders.
