Gazprom is moving ahead with plans to build a new gas pipeline linking Sakhalin and Hokkaido, revealed the Russian energy minister Alexander Novak. He commented that in the “near future” the Russian company will present its idea to the Japanese side. Gazprom is currently working on the technical and economic rationale of the project.
The preliminary plans are to build a pipeline with a length of 1,500 kilometers, with most of the pipes going underwater. The planned capacity is 20 billion cubic meters of natural gas per year.
The calculations made so far indicate that the cost of the new gas pipeline will be about 6.7 billion USD.
Several days ago at an energy forum in Arkhangelsk, the Russian Energy Minister said the government was ready to support the construction of the new gas pipeline. The pipeline project that connects Japan and Russia is part of the so-called “Eastern Program” for the development of Gazprom. Japan is also interested in building it. Japan Pipeline Development and Operation and Japan’s Russian Natural Gas have even prepared a draft of their project and offered it to the Russian side.
It envisages a capacity of 25 billion cubic meters of gas per year, and the cost is estimated at about 6 billion USD. The pipeline could be put into operation in 2022, according to the Japanese proposal.
The Russian gas giant is currently analyzing this idea.