TOKYO -- Despite Shell exiting a landmark LNG plant that has served as a symbol of cooperation between Tokyo and Moscow, Japanese trading houses Mitsui & Co. and Mitsubishi Corp. are sticking with the Sakhalin-2 project, the source of nearly 10% of Japan's liquefied natural gas imports.
The situation underscores a dilemma Japan and its companies will increasingly find themselves as the U.S. and Europe pile on more sanctions against Russia.