MOL, Marubeni ink deal with JPPV to work on LNG transshipment terminals

Novatek's Yamal LNG plant (Image courtesy of Novatek)

Japanese companies Marubeni Corporation and Mitsui OSK Lines recently signed a deal with Japanese Project Promotion Vehicle in the Far East (JPPV) for the development of liquefied natural gas (LNG) transshipment terminals.

JPPV is a Vladivostok-based advisory group jointly established by Japan Bank for International Cooperation, Far East Investment and Export Agency and Far East and Baikal Region Development Fund.

The objectives of the group are “encouraging Japanese companies to launch business in Russia and promoting Japanese investment in Russia and the Far East,” a joint statement said.

The agreement between the trio, which was signed on September 5, aims to draw upon JPPV’s expertise in order to “smoothly establish LNG transshipment terminals in the Far East,” the statement said.

Marubeni and MOL have previously signed a memorandum of understanding with Russia’s LNG operator and developer Novatek for a joint feasibility study aimed at establishing an LNG transshipment and marketing complex off Kamchatka Peninsula.

Novatek said earlier this week it plans to invest 70 billion Russian rubles ($993.7m) in the LNG hub in Kamchatka for shipments to consumers in the Asia-Pacific region.

 

Share this article

Follow LNG World News

Events>

<< Nov 2018 >>
MTWTFSS
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

The International Gas Cooperation Summit (IGCS)

The Summit will put the objectives of South Africa and the region at the forefront of international gas development…

read more >

LNG Supply, Transport & Storage South Asia Forum 2018

LNG Supply, Transport & Storage South Asia Forum 2018 will address and propagate LNG imports…

read more >

The Nineteenth CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry.

read more >

LNG India Summit 2018

After three successful editions, LNG Summit is back with yet another edition for chief LNG…

read more >