Mitsui, Gazprom ink LNG bunkering MoU

Mitsui, Gazprom ink LNG bunkering MoU

Mitsui & Co. of Japan and Gazprom have signed a memorandum of understanding for cooperation in LNG bunkering.

Under the agreement, the companies confirmed the intention to cooperate in feasibility and marketing studies with regard to the bunkering of marine vessels with liquefied natural gas in Russia’s Far East and the Asia-Pacific region.

The MoU was signed by Alexey Miller chairman of Gazprom’s management committee and Masami Iijima, representative director and chairman of Mitsui’s board of directors, at an energy conference in Vladivostok, on Friday.

Miller noted that cooperation in the small-scale LNG supply segment could enable both companies to diversify their business activities, and strengthen their position in the developing Asian market.

Gazprom further said in its statement that the two representatives discussed the ongoing and future cooperation, focusing, among other things, on liquefied natural gas production within the Sakhalin II project and on the increase in its output with the construction of the third production train of the LNG plant.

Gazprom holds a 50 percent plus one share in the Sakhalin-2 LNG project, with Mitsui holding a 12.5 percent stake. Shell owns a 27.5 percent stake with the remaining 10 percent owned by Diamond Gas, a unit of Mitsubishi Corporation.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >