TOKYO : Japan said on Tuesday it would will take"appropriate action" on energy projects in Russia involving Japanese state-owned companies, as major Western oil companies led a withdrawal from Russia in the wake of the invasion of Ukraine.
Shell became the latest major Western energy company to quit Russia, saying on Monday that it would exit all its Russian operations, including a major liquefied natural gas plant, Sakhalin 2 LNG plant, in which Japanese companies hold stakes. Japanese trading houses Mitsui & Co and Mitsubishi Corp, which own stakes of 12.5per cent and 10per cent in Sakhalin 2 project respectively, said separately that they are examining Shell's announcement. They said they would consider the situation with the Japanese government and partners for the project, without giving any further details.