Russian gas monopoly Gazprom and Japan’s Mitsui have signed a Memorandum of Understanding on the Baltic LNG (liquefied natural gas) project.
Gazprom CEO Alexey Miller and Mitsui Chairman Masami Iijima discussed the ongoing cooperation on the Sakhalin II project and the prospects collaboration between the companies at a working meeting on September 12 at the 4th Eastern Economic Forum in Vladivostok.
In particular, Miller and Iijima addressed the construction of the third train of the Sakhalin II LNG plant. They also considered the avenues for cooperation in the area of small- and mid-scale LNG in the Far East.
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, which followed with an Agreement of Strategic Cooperation two months later.
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.