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Japan, Russia to cooperate on gas, oil development www3.nhk.or.jp
Multiple gas and oil development projects are expected to be part of an economic cooperation plan between Japan and Russia.
In the run-up to the Japan-Russia summit from Thursday, the 2 governments have been working to materialize projects between companies from both countries based on an 8-point plan proposed by Japan.
Sources say 3 firms are expected to cooperate in building facilities to liquefy natural gas produced at the Sakhalin-2 gas field in Russia's Far East. The firms are Japanese trading houses Mitsui & Company and Mitsubishi Corporation and Russia's government-backed energy giant Gazprom.
The sources also say Japan Oil, Gas and Metals National Corporation, Japanese trading house Marubeni, and Russia's state-run oil firm Rosneft are expected to work together in exploring for oil and gas fields.
The sources also refer to concerted financing by Japanese financial institutions to Gazprom, as well as cooperation among firms in planned gas-field development in the Arctic.
Published Date:2016-12-15
