Rosneft, Japanese Firm Plan LNG Projects

June 2013, Vol. 240, No. 6

Rosneft and Japan’s Marubeni Corp. signed a memorandum of cooperation to implement LNG projects and the development of oil and gas fields.

The project includes construction of an LNG plant, transportation of LNG, equipment supplies and LNG sales to Japanese utilities. The companies will cooperate in exploration and development of Rosneft’s oil and gas fields. The agreement will ensure a sales market in Japan for Rosneft, which, together with ExxonMobil, plans to set up LNG production in the Far East by 2018.

Find articles with similar topics