There were 464 press releases posted in the last 24 hours and 171,591 in the last 365 days.

Gazprom and Mitsui ink Framework Agreement on small- and mid-scale LNG

Background

Japan’s Mitsui & Co., Ltd. is focused on the development, marketing, distribution and processing of all types of energy products in Japan and overseas, as well as on financial activities.

Gazprom and Mitsui are partners in the Sakhalin II project, which includes Russia's only active LNG plant. 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 September 2016, Gazprom and Mitsui inked the Memorandum of Understanding on LNG bunkering.

In December 2016, Gazprom and Mitsui signed the Agreement of Strategic Cooperation. The document envisages collaboration in various areas, including Sakhalin II project expansion and LNG bunkering of marine vessels.

Distribution channels: Companies