Russian, Japanese Companies in Gas Deal
Russian, Japanese Companies in Gas Deal

Russian, Japanese Companies in Gas Deal

Russian, Japanese Companies in Gas Deal

Novatek, Russia's second biggest gas producer, said it has signed agreements with Japan's Mitsui & Co, Mitsubishi Corp. and Marubeni Corp. to cooperate in liquefied natural gas (LNG) and other energy sectors. Japan, lacking fuel resources, is the world's largest importer of gas while Russia wants to boost its global LNG market share, currently less than 5%, Reuters reported. Novatek's Chief Executive Leonid Mikhelson said the agreements focused on potential gas production, gas liquefaction and liquefied natural gas transport. Novatek is interested in LNG trading with the three Japanese trading companies, he said. Marubeni said in a statement that it would explore opportunities to develop upstream and midstream areas for the Arctic LNG-2 project which Novatek is newly implementing, while Mitsubishi said the agreement with Novatek implies consideration of alliances in "gas and other areas". "The Asia Pacific region will grow by the fastest rates ... and the Japanese companies, with which we signed the agreement, are present on this market," Mikhelson said.


Short URL : https://goo.gl/Y3QXOv
  1. https://goo.gl/OJmVf0
  • https://goo.gl/WsdPHp
  • https://goo.gl/Mh0PgR
  • https://goo.gl/e6LyDN
  • https://goo.gl/5B4ho0

You can also read ...

Russia Says US Sanctions on Iran "Unproductive"
United States' sanctions on Iran's oil industry are...
China to Cut Solar, Wind Subsidies
China will speed up efforts to ensure its wind and solar power...
Oil Coalition Seeks Consensus Ahead of Algiers Summit
With a critical meeting in Algiers fast approaching, a...
Abu Dhabi Planning Biggest Oil  IPO in Decade
Abu Dhabi is pushing ahead with an initial public offering for...
Crude Prises Higher as Supply Concerns Rise
Oil prices rose on Monday as investors worried about the...
New Power Capacity for Sistan-Baluchestan
Operations to build new combined-cycle power plants in...
Abadan  Refinery  Second Phase  on Track
The second development phase of Abadan Oil Refinery in...
ICOFC to Develop  Eight Gas Fields
Iranian Central Oil Fields Company plans to develop eight gas...

Add new comment

Read our comment policy before posting your viewpoints