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Gazprom, Japan group tie on Vladivostok LNG plant
Japan Times ^ | 06/24/2013 | Kyodo

Posted on 06/23/2013 8:30:25 PM PDT by TexGrill

ST. PETERSBURG, RUSSIA – Russia’s state-owned gas company Gazprom and a Japanese joint venture signed a memorandum Saturday to build a liquefied natural gas production base in the suburbs of Vladivostok and jointly sell LNG in Japan.

Gazprom aims to expand in Asia amid falling sales in Europe, while Japan Far East Gas Co. hopes to lower LNG procurement costs by participating in building the production base.

The joint venture was established in December 2010 by Itochu Corp., Japan Petroleum Exploration Co., Marubeni Corp., INPEX Corp. and Itochu Oil Exploration Co.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Foreign Affairs; Japan; News/Current Events
KEYWORDS: energy; japanrussia; lng; naturalgas
Global business tip
1 posted on 06/23/2013 8:30:25 PM PDT by TexGrill
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To: TexGrill

Many more jobs 0bama does not want.

That plant could have been here.

Best to save all the natural gas for GE Corp.

2 posted on 06/23/2013 8:34:54 PM PDT by DUMBGRUNT (The best is the enemy of the good!)
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