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NOVATEK, Mitsui O.S.K. Lines and JBIC Signed Cooperation Agreement

NOVATEK, Mitsui O.S.K. Lines and JBIC Signed Cooperation Agreement NOVATEK, Mitsui O.S.K. Lines and JBIC Signed Cooperation Agreement


Tokyo, September 26 - Neftegaz.RU. Today, NOVATEK,  Mitsui O.S.K. Lines, and Japan Bank for International Cooperation (JBIC) signed a Cooperation Agreement confirming the parties’ intentions to implement projects for the construction of a marine LNG transshipment complexes in the territory of Kamchatka and Murmansk region, including possible acquisition of participation interest in Projects and potential financing of Projects.

“We have already started successful cooperation with Japanese companies in large LNG projects, including Yamal LNG and Arctic LNG 2, and, accordingly, we see great potential in expanding further this mutually beneficial cooperation,” said Leonid Mikhelson, NOVATEK’s Chairman of the Management Board.

“The construction of the Kamchatka and Murmansk transshipment complexes will help to optimize logistics and maximize the efficiency of LNG deliveries from Yamal and Gydan to LNG key markets of the Asia-Pacific region, including Japan, the largest global LNG consumer. We think we will reach final arrangements for these projects by year end”, Mikhelson added.

In June 2019 NOVATEK announced that Yamal LNG shipped the 1st cargo of LNG to Japan. The cargo was unloaded at the Tobata LNG Terminal in accordance with the buyers lifting and delivery schedule.

To read the news in Russian.