Gazprom, Japan Discuss Vladivostok LNG Project

The Gazprom headquarters hosted a working meeting between Alexander Ananenkov, Deputy Chairman of the Company’s Management Committee and Manabu Miyagawa, Minister of the Japanese Embassy in Russia.

The meeting addressed the prospects for the Russian-Japanese cooperation in the energy sector, notably, the progress with the joint research being done by Gazprom and Japanese companies for the prospective project on creating a liquefied natural gas (LNG) plant and gas compression capacities near Vladivostok.

The meeting paid special attention to the growth of natural gas demand in Japan. The parties stressed the high potential of Russia as a source of future LNG supplies to Japan, both from the vicinity of Vladivostok and through swap operations between European and Asian markets.

A focus was placed on the great cooperation opportunities in the area of equipment supply to Gazprom’s companies as well as possible establishment of Japanese gas processing and gas powered facilities, the machine building sector inclusive, in the Far East.

[mappress]

LNG World News Staff, December 1, 2011