Tuesday, March 15, 2011

Suppliers of LNG, coal, oil look to replace nuclear in Japan - Oil & Gas Journal

LOS ANGELES, Mar. 15 -- Russia’s Prime Minister Vladimir Putin has ordered officials to accelerate development of the OAO Rosneft-led Sakhalin-3 oil and gas project to help meet projected demand coming from Japan.

"It is obvious that this is a long-term loss of generation so we need to think how to speed up plans for developing hydrocarbon production including gas in the Far East,” said Putin, adding, “I have in mind the Sakhalin-3 project.”

Putin was not alone in recognizing Japan’s need—or the effect of that need—for alternative sources of energy to replace supply from nuclear reactors that were damaged or shut in the aftermath of last week’s earthquake.

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