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Japan to work with Russia on energy development www3.nhk.or.jp
Japan's trade and industry minister and the head of Russia's largest natural gas producer have agreed to work together in energy development.
Hiroshige Seko met chief executive of Novatek, Leonid Mikhelson, in Moscow on Saturday.
Seko said Japan's economic ties with Russia, which has rich natural resources, developed around the oil and gas sector.
Mikhelson said he is glad the bilateral relations are reaching a new level.
The 2 agreed that the energy sector is the most important component of the 8-point cooperation plan that Japanese Prime Minister Shinzo Abe has proposed.
The Japan Bank for International Cooperation, together with a French governmental bank, is planning to lend Novatek 60 billion yen or about 580 million dollars for the construction of a liquefied natural gas plant in the Arctic Yamal Peninsula.
Published Date:2016-11-07
