Japanese steel firms offer pipe for Soviet gas line

Four major Japanese steel companies have offered to sell 3.5 million tons of large steel pipe to the Soviet Union for its project to supply Western Europe with Siberian gas, Nippon Steel Corporation said. Moscow did not respond to the offer immediately.

Any agreement would depend on price negotiations and a loan from Japan's semiofficial Export-Import Bank to help finance the multibillion-dollar project, a Nippon spokesman said. Japanese trade sources have said the Soviet Union wanted to buy from Japan 5 million tons of large steel pipe for the transmission line and 2.6 million tons of pipe for wells, besides other equipment. But Moscow would divert the whole order to WEst Europe unless Japan offered a l oan.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK