Gazprom, Mitsui sign on small and mid-scale LNG

Russian energy giant Gazprom and Japanese trading firm Mitsui & Co have signed a Framework Agreement for cooperation on small- and mid-scale LNG, in Vladivostok, on September 7.

The agreement is aligned with 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.

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, addressing the ongoing and future cooperation between the companies.

Gazprom and Mitsui are partners in the Sakhalin II project, which includes Russia’s only active LNG plant. In September 2016, the companies inked the Memorandum of Understanding on LNG bunkering. In December 2016, Gazprom and Mitsui signed the strategic cooperation agreement. The document envisages collaboration in various areas, including Sakhalin II project expansion and LNG bunkering of marine vessels.