Gazprom signs LNG agreements with Japanese partners

Gazprom signs LNG agreements with Japanese partners
Image courtesy of Gazprom

Russian giant Gazprom signed a number of agreements with Japanese partners during the visit of Alexey Miller, the company’s head, to Japan. 

The first agreement was signed with the Agency for Natural Resources and Energy under Japan’s Ministry of Economy, Trade and Industry, under which the two parties intend to coordinate efforts aimed at furthering research and development, production and investment partnership between Gazprom and Japanese companies.

Gazprom informed in its statement that an agreement of strategic cooperation focusing on the Sakhalin II project expansion and LNG bunkering has been signed with Mitsui.

In addition, Gazprom signed an agreement with Mitsubishi Corporation to develop the cooperation in the LNG sector, including joint efforts in adding the third train to the Sakhalin II LNG plant. The parties also voiced their intention to broaden their partnership in various business fields, including but not limited to the current LNG project.

Russian company has also inked a memorandum of understanding with the Japan Bank for International Cooperation (JBIC) outlining principles of cooperation in securing  financing for Gazprom’s projects with the involvement of Japanese companies, the statement reads.

Speaking following the signings of all the contracts, Miller said that Japanese companies are Gazprom’s main partners in the LNG sector and that the agreements give a much broader dimension to the joint efforts on LNG and create ample opportunities for collaboration in other areas of the gas industry.

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