Gazprom Discusses Cooperation With Mitsui, Mitsubishi on Baltic LNG Project

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Gazprom energy company discusses cooperation with Japanese Mitsui and Mitsubishi companies on the implementation of the Baltic liquefied natural gas (LNG) plant project in Russia’s Leningrad region, Gazprom head Alexei Miller said Friday.

LNG plant construction - Sputnik International
Russia's Novatek, Japan's Mitsubishi, Mitsui to Cooperate on LNG Projects
MOSCOW (Sputnik) — Earlier in the day, Gazprom signed a strategic cooperation agreement with the Japanese companies on the sidelines of the Russian-Japanese business forum in Tokyo.

“We have expanded the geography of our cooperation in the sphere of the liquefied natural gas. We are discussing the possibility of cooperation in construction of the Baltic LNG plant,” Miller told the Russian NTV broadcaster.

The Baltic LNG project, in Russia's northwestern Leningrad region, is expected to fulfill the demands of the European and Latin American markets.

In July, a source in Gazprom told RIA Novosti that the structure of Baltic LNG project could be similar to the Sakhalin-II LNG project, the first and currently the only LNG plant in Russia. Gazprom owns 50 percent plus one of Sakhalin II shares, while Shell owns 27.5 percent minus one share, Japan's Mitsui and Mitsubishi own 12.5 percent and 10 percent of the shares respectively.

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