• 4 minutes China 2019 - Orwell was 35 years out
  • 7 minutes Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 11 minutes Trump will capitulate on the trade war
  • 14 minutes Glory to Hong Kong
  • 53 mins The power of propaganda has no boundaries: Which country has larger territory US od China
  • 15 mins Freedom of Speech for Dummies
  • 4 hours Iranian Oil Tanker struck by missiles off Jeddah
  • 34 mins South Korea Unveils Fighter Jet Mock-Up Amid Program Challenges
  • 16 hours Support Held. Back in UGAZ
  • 14 hours Crazy Stories From Round The World
  • 3 hours Any difference btw Hunter Biden on BOD of Ukraine Company vs. Qatar bailout of Kushner Real Estate 666 Fifth Ave ?
  • 2 hours Boring! See Ya Clowns, And Have Fun In Germany
  • 3 hours National Geographic Warns Billions Face Shortages Of Food And Clean Water Over Next 30 Years
  • 21 hours China's Blueprint For Global Power
  • 20 hours Total SA In Expansion: $600 million For India's Adani Gas
  • 2 hours How The US Quietly Lost The 1st Amendment

Breaking News:

Is This The End Of China’s Gas Boom?

Is This The World’s Newest Oil Benchmark?

Is This The World’s Newest Oil Benchmark?

Abu Dhabi, the oil producing…

Oil Giant Slashes Jobs Amid Shale Slowdown

Oil Giant Slashes Jobs Amid Shale Slowdown

Oilfield services Halliburton has cut…

Japan and Russia to Build Natural Gas Pipeline?

Following the Fukushima nuclear disaster Japan has closed down all of its nuclear power plants and instead has to produce its energy by different means. This has caused it to increase its imports of fossil fuels; something it cannot afford to do for long.

Currently Japan ships liquefied natural gas from Sakhalin in Russia, but LNG is expensive; a better, more affordable solution must be found.

Seiji Maehara, the former Japanese Foreign Minister, recently visited the offices of the Russian gas giant, Gazprom, where he announced that Russia and Japan are discussing the possibility of constructing a gas pipeline along the sea bed linking the two countries.

The pipeline will enable Japan to import natural gas direct from Russia in favour of the more expensive and slower method of shipping LNG in by tanker.

According to Denis Borisov, an oil and gas analyst at Kosmos Bank, the idea of creating a Russo-Japanese pipeline has been approached many times before, but talks have always failed due to political differences. The Japanese refused to accept the project whilst there still remains an unresolved territorial dispute over the Kuril Islands.

“The crucial issue for a possible joint action between Russia and Japan on the gas issue is an achievement of a common political consensus, an agreement which is presently being hindered by the Kuril Islands. If that obstacle is removed, more dynamic cooperation between the two nations will be possible. Japan is quite close to Sakhalin, which is rich in crude oil and gas, and which will be cheaper to pump to Japan by pipe than the supply of liquefied gas” he said.

The lack of nuclear power and the resulting desperate demand for alternative sources of energy mean that Japan is likely to accept the latest proposal by Russia.

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play