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Tag Archives: China National Petroleum Corporation

Economic and Environmental Risks in Abe’s Energy Investments in Russia

In 2019, Japan’s involvement in the Russian energy sector increased significantly, most notably with the purchase by a Japanese consortium of a 10% stake in Russia’s Arctic LNG-2 project. The Abe administration evidently hopes that these new investments will bring benefits, both in terms of energy economics, and as a means of furthering Prime Minister Shinzo Abe’s ambition to settle Japan’s territorial dispute with Russia. In both respects, the Japanese leadership risks disappointment.

Japan and the Northern Sea Route

Global warming is progressively creating a new reality that ships from East Asia, including Japan, might soon be regularly able to reach Europe more quickly via the shipping route that runs along Russia’s Arctic coast, from the Bering Strait in the east to the Kara Sea in the west, rather than using the conventional route via the Suez Canal.