Japanese companies eyeing Baltic LNG participation

Japanese companies eyeing Baltic LNG participation

Two Japanese companies, Mitsui and Itochu Corporation have shown interest in the Baltic LNG project Gazprom intends to develop near the seaport of Ust-Luga.

Gazprom’s head, Alexey Miller, held meetings with representatives of the two companies, in St. Petersburg on Thursday.

During the meeting with Tatsuo Yasunaga, CEO of Mitsui, the focus was placed on the construction of the third train of the Sakhalin II LNG plant.

In addition to showing interest in the Baltic LNG project, the two companies discussed partnership prospects in the field of LNG bunkering.

At the meeting with Masahiro Imai, senior managing executive officer of Itochu Corporation, Miller discussed the prospects of cooperating in the energy sector, in addition to Itochu’s interest in the Baltic LNG project.

Gazprom’s Baltic LNG project would have a production capacity of 10 million tons of LNG per year and is primarily targeted at the European and Latin American markets.

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