Irkutsk, Sep 10, 2008 -- RosBusinessConsulting

Japan expects to engage in long-term energy cooperation with Russia, head of the Japanese Economy, Trade and Industry Ministry's natural resources and fuel department Shinsuke Kitagawa said during the 5th Baikal Economic Forum today. The official noted that, given the instability in the Middle East and the rapidly rising energy consumption in Central Asian countries, Japan needed to diversify its fuel supply sources and consider importing energy from Russia's Far East and Siberia. Japan may establish long-term ties with the region, buying energy resources in exchange for power saving technologies, Kitagawa stated. Japan is now cooperating with Russia on the Sakhalin-1 and Sakhalin-2 projects.

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