Gazprom and Mitsui sign Memorandum of Understanding on Baltic LNG project
Background
Japan’s Mitsui & Co., Ltd. (Mitsui) is focused on the development, purchase and sale, 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 first LNG plant. The Sakhalin II operator is Sakhalin Energy Investment Company Ltd.
In September 2016, Gazprom and Mitsui signed 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.
In September 2017, Gazprom and Mitsui inked the Framework Agreement for cooperation on small- and mid-scale LNG.
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