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BLOOMBERG: Gazprom Mulls Japan Pipe

TOKYO — Gazprom may invest in a 300 billion yen ($2.6 billion), 850-kilometer pipeline to transport natural gas from Sakhalin Island to northern Japan, the head of the Japanese project said.

Japan Pipeline Development Organization, a closely-held company based on the northern island of Hokkaido, is in talks with Gazprom, chief executive Hideo Ogawa said.

The pipeline may link to ExxonMobil’s Sakhalin-1 project or Royal Dutch Shell’s Sakhalin-2 venture, he said. (Bloomberg)

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