Mitsui&Co to supply steel pipe for Sakhalin II project
According to recent market reports, Japanese Mitsui&Co. received 110'000 tons of steel
pipe order for
construction of a 800 km pipeline under the framework of
Sakhalin II project, an off shore oil and gas development project. With this project, oil and gas will be transported to Prigorodonoe port, located in southern
Sakhalin, and then shipped to
Japan and other destinations.
It is also reported that steel pipes order which is worth $85.9 million, will be provided by Japanese steel company Nippon Steel and a Russian company.
The project is conducted by
Sakhalin Energy Investment Co. which was established in 1994 through a joint venture between Mitsui&Co, Mitsubishi Corp. and Royal Dutch/Sheel Group; holding 25%, 20% and 55% of the company respectively.