Rebuild U

Business Development for the Future

Japan Holds the Key to the Dangerous Arctic Sea Route, with China and Russia Closely Adjacent

Bechevinskaya Bay on the eastern coast of the Kamchatka Peninsula in the Russian Far East. There used to be a submarine base, but it has declined due to lack of funds after the collapse of the Soviet Union, and its ruins are conspicuous.

This area has suddenly begun to come alive. A major Russian energy company has decided to build a liquefied natural gas (LNG) transshipment facility in the bay. The total cost of the project, including related equipment, is 108 billion rubles (approximately 160 billion yen), and in November 2021, construction equipment began to be brought into the bay.

Nihon Keizai Shimbun