Resource-poor Japan is facing a historic energy security risk as tensions with Moscow intensify, heightening the threat of gas supply disruptions at a time when global supply is tight and spot prices are sky-high. Last week, Russia seized full control of the Sakhalin-2 gas and oil project in its far east, in which Shell (SHEL.L) and Japanese investors hold just under 50%. read more Although Moscow said it saw no reason for Sakhalin-2 deliveries to stop, the move threatens to unsettle an already tight LNG market. Japan imports 10% of its LNG each year from Russia, mainly under long-term contract from Sakhalin-2. Aligned with the Group of Seven’s sweeping economic sanctions on Moscow for its invasion of Ukraine, Japan […]