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LNG agreement inked by Gazprom and Mitsui

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Hydrocarbon Engineering,

A working meeting between Alexey Miller (Chairman of the Gazprom Management Committee) and Masami Iijima (Chairman of the Board of Directors of Mitsui & Co., Ltd) took place at the Eastern Economic Forum 2017 in Vladivostok, Russia. The meeting addressed ongoing and future co-operation between the companies.

The parties signed a framework agreement for co-operation on small and mid scale LNG. The document reflects the parties’ commitment to collaborate in producing, transporting and marketing small and mid scale LNG in Japan, as well as in LNG bunkering in the Sea of Japan.

Gazprom and Mitsui are already partners in the Sakhalin II project, which includes Russia’s only active LNG plant. The Sakhalin II operator is Sakhalin Energy Investment Company Ltd (Gazprom – 50% plus one share, Shell – 27.5% minus one share, Mitsui – 12.5%, and Mitsubishi – 1%).

In September 2016, Gazprom and Mitsui inked the Memorandum of Understanding on LNG bunkering.

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