Gazprom and consortium of Japanese companies sign MOU on Vladivostok-LNG project

Gazprom and consortium of Japanese companies sign MOU on Vladivostok-LNG project

A meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Masanori Toyoshima, Executive Officer and Chief Operating Officer of Japan Far East Gas Co., Ltd. took place as part of the St. Petersburg International Economic Forum 2013.
The parties discussed the bilateral cooperation in the gas sector.
The negotiations resulted in the signing of a Memorandum of Understanding on the Vladivostok-LNG project. The document sets the main principles of further joint activities under the project and reflects the arrangements with regard to the project products marketing in Japan.
“At the meeting our Japanese colleagues noted that gas demand in Japan was expected to keep growing, and we will build our plans based on this. We agreed that our specialists would work with potential customers. For this purpose a number of people being employed in Japan will be increased. In the short run we will arrange an on-the-spot visit to the Far East for potential customers, where they will have an opportunity to get acquainted with the construction site of the future plant, the operation of the gas transmission system and the resource base for the project,” said Alexey Miller.

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