"As for the traditional sphere [of cooperation with Russia], the energy sector, we are also working on various projects, including on Sakhalin, we continue to consider the possibility of Yamal LNG, the construction and financing of these projects," Abe said at a St. Petersburg International Economic Forum (SPIEF) session.
Yamal LNG is implementing a project to build an LNG plant on the resource base of the Yuzhno-Tambeyskoye field. The shareholders are Novatek (50.1 percent), France's Total (20 percent), as well as Chinese CNPC (20 percent) and the Silk Road Fund (9.9 percent). The project's cost is estimated at $27 billion.
SPIEF, held annually in Russia's second largest city of St. Petersburg, is a major global platform for communication between business representatives and the discussion of crucial economic issues. The event started on Thursday and will continue through Saturday. Rossiya Segodnya International Information Agency is the official media partner of the forum.