Sakhalin rivals North Slope of Alaska

Good news for Japan:

About 350 miles northeast of here, offshore of Sakhalin Island, part of Russia, Japanese companies are participating in the first $10 billion slice of what could be a $100 billion development of oil and gas reserves believed to rival the North Slope of Alaska.

http://www.nytimes.com/2004/09/03/business/worldbusiness/03pipe.html?pagewanted=1