Japanese Law Makers Looking for Gas From Russia

Oil and Gas Investing

Bloomberg reported that a group of lawmakers in Japan is lobbying the government for a $5.9 billion natural gas pipeline from Russia to Japan following a major gas deal between China and the former Soviet nation. The efforts come as Japan attempts to find cheaper energy sources, according to Bloomberg. As quoted in the publication: […]

Bloomberg reported that a group of lawmakers in Japan is lobbying the government for a $5.9 billion natural gas pipeline from Russia to Japan following a major gas deal between China and the former Soviet nation. The efforts come as Japan attempts to find cheaper energy sources, according to Bloomberg.

As quoted in the publication:

A group of 33 lawmakers is backing the 1,350-kilometer (839 miles) pipeline between Russia’s Sakhalin Island and Japan’s Ibaraki prefecture, northeast of Tokyo, Naokazu Takemoto, the secretary general of the group, said in an interview on May 23. He plans to propose the project to Prime Minister Shinzo Abe as early as June so it’s on the agenda when Russian President Vladimir Putin visits in autumn, he said.

Click here to read the full Bloomberg article.

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