Gazprom and Japanese Agency for Natural Resources and Energy sign agreements to promote cooperation in Eastern Russia

abarrelfullabarrelfull wrote on 17 Jan 2011 22:58
Tags: gazprom japan lng russia

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Alexey Miller, Chairman of the Gazprom's Management Committee and Tetsuhiro Hosono, Director General of the Agency for Natural Resources and Energy under the Japanese Ministry of Economy, Trade and Industry signed an Agreement of Cooperation.

The Agreement envisages preparation of a joint feasibility study on the options for natural gas utilization near Vladivostok as well as for natural gas and gas chemicals transportation from the Vladivostok region and their sales among potential customers in Asia-Pacific countries.

Among other things, the signed document stipulates that a joint front-end engineering design be undertaken in 2011 on constructing an LNG plant near Vladivostok. The parties will also study the possibility of the pilot project on natural gas compression in Vladivostok for subsequent offshore transportation and organization of gas chemicals production.

The parties also extended the Framework Agreement of Cooperation for five years.

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