Huge repercussions yet to be seen.
Wiki entry: https://en.wikipedia.org/wiki/Sakhalin-II. Marathon got out just in time.
Japan: https://twitter.com/SStapczynski/status/1543103635084546048.
Putin’s War. Absolutely huge.
Peter Zeihan, c 2022.
From Reuters the other day:
President Vladimir Putin has raised the stakes in an economic war with the West by signing a decree to seize full control of the Sakhalin-2 gas and oil project in Russia's far east, a move that could force out Shell and Japanese investors.
I would suggest that Putin is doing desperate things.
Separate from Putin's decree re Sakhalin-2, XOM is winding down operations at Sakhalin-1; production has been cut by 95%.
Sakhalin-I wiki entry. This is an incredible story.
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