Three Japanese companies are planning an 870-mile-long, offshore pipeline to bring natural gas from Russia's Sakhalin Island.
The three companies -- Tokyo Gas Co., Japan Petroleum Exploration Co. and Nippon Steel & Sumikin Engineering Co. -- have completed a preliminary feasibility study for the pipeline project, sources told the Asahi Shimbun on Monday.
When completed in five to seven years, the pipeline, estimated to cost up to $5 billion, would substantially reduce procurement cost, sources told the newspaper.
It would link Sakhalin Island with the Tokyo metropolitan area, running through Hokkaido and along the Pacific coast of Japan's mainland.
Pipeline gas transportation is said to be more saving than using LNG carrier vessels.
Published : November 6, 2012
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