Due to geopolitical concerns and exorbitant costs, Gazprom has abandoned the construction of a gas pipeline to India and Japan.
According to Russian media, Alexander Perov, the head of the Russian Energy Security Fund, revealed that Gazprom has abandoned plans to build pipelines in India and Japan due to political and financial considerations, reports Seetao.
At a media briefing, Gazprom Vice President Yelena Bulmistrova said that the building of the natural gas pipeline from Russia to India has been postponed, citing it as "a route that is too capital-intensive."
According to the report, in reaction to the comments made by the Gazprom official, Perov stated: "Negotiating on natural gas pipelines began as early as 2017, and India supports the implementation of such projects. However, it was clear from the beginning that the project has many geographies. Political risk. The main problem is related to the area through which the pipeline needs to pass. Therefore, it is fores...
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