Additionally, the U.S. Treasury has extended until June 18, 2026, the authorization for transactions related to the export of oil produced under the Sakhalin-2 project to Japan. In June 2025, the license will be valid until December 19.
The Sakhalin-2 project has been implemented since 1994 by the offshore company Sakhalin Energy Investment Company Ltd. In 2022, about 60% of the liquefied gas produced under this project was directed to Japan. In June 2022, by the decree of Russian President Vladimir Putin, the project operator was transferred under Russian jurisdiction.
