Japan to support LNG projects in Russia’s Far East

February 13, 2014

Japan is set to expand its companies’ presence in liquefied natural gas projects on Russia’s Far Eastern island of Sakhalin and Vladivostok, a city in the Primorsky Territory, and to provide financial assistance to these projects, Minister of Economy, Trade and Industry Toshimitsu Motegi told a meeting of the budget commission of the parliament’s lower house on February 13, Itar-Tass has reported.

“At the state level we would like to support these projects financially, in particular with assistance from the Japan Bank for International Cooperation,” he said.

Japan is in the list of countries importing first 5 million tonnes of liquefied natural gas from Russian state-run oil company Rosneft’s new LNG plant in Sakhalin to be delivered in 2018-2019.

Copyright: Itar-Tass, 2014