Background

Japan Bank for International Cooperation (JBIC) was set up in 1999 as a state-owned financial institution aimed at developing economic cooperation with foreign countries. It has been part of the state-owned financial institution Japan Finance Corporation since 2008. The bank is focused on supporting international economic activities of Japanese companies.

Russia's only LNG plant is in operation under the Sakhalin II project. The Sakhalin II operator is Sakhalin Energy Investment Company Ltd. (Gazprom – 50 per cent plus one share, Shell – 27.5 per cent minus one share, Mitsui – 12.5 per cent, and Mitsubishi – 10 per cent). In 2015, the plant produced 10.8 million tons of LNG, exceeding the design capacity by 1.2 million tons. On June 18, 2015, Gazprom and Shell signed the Memorandum to implement the construction project for the third production train of the LNG plant. At present, the development of the FEED documents for the third train is nearing completion.

The Amur gas production plant (GPP) with a design capacity of 42 billion cubic meters of gas per year will be constructed near Svobodny in the Amur Region. The GPP will include the world's largest helium production facility.