Saturday, July 2, 2022

Sakhalin-1 And Sakhalin-2 — July 2, 2022

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. 

Link here

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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