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2018-09-12 12:05:00

RUSSIAN LNG FOR JAPAN

БОЛЬШЕ РУССКОГО СПГ В ЯПОНИЮ

PLATTSRussia and Japan are considering further expansion of their economic cooperation, a core element of which is energy projects, following a meeting between national leaders and the signing of new cooperation agreements between several companies in Vladivostok on Monday.

"The energy sector is a key area of bilateral cooperation," Russian President Vladimir Putin said following a meeting with Japanese Prime Minister Shinzo Abe, ahead of the opening of the Eastern Economic Forum in Vladivostok on Tuesday.

Putin said the LNG sector in particular was a key focus area for future cooperation, noting that Japanese companies may take part in the planned expansion of Sakhalin 2, Arctic LNG 2 and Baltic LNG projects as well as an LNG transshipment facility in Kamchatka.

Following the meeting on Monday, several Russian and Japanese companies signed agreements, including Novatek and Jogmec who signed a memorandum of understanding on LNG cooperation.

The MoU covers exploring opportunities for cooperation "on Novatek's projects in the Yamal and Gydan peninsulas, including the Arctic LNG 2 project and on developing a regular transport link via the Northern Sea Route for LNG deliveries to the Japanese and Asia-Pacific markets, as well as exploring LNG marketing opportunities in the Asia-Pacific region," Novatek said.

Novatek CEO Leonid Mikhelson said Japan was "one of the most significant global LNG markets. We expect further expansion of cooperation in this area which will facilitate the development of trade and economic relations between our countries."

Welcoming international interest in the project, he said: "Our prolific hydrocarbon resource base combined with our experience in implementing large-scale LNG projects and navigating the Northern Sea Route creates a solid platform for mutually beneficial cooperation."

Other deals signed after the meeting included an agreement on the key terms of construction of a methanol production unit and chemical plant in Volgograd, signed by the Russian Direct Investment Fund, Japan's Marubeni Corporation and AEON Infrastructure Corporation. Japanese corporation SBI Holdings also agreed to join a consortium of investors in Sovcombank, RDIF said.

Putin is due to meet Chinese and South Korean leaders as well as hold further talks with Abe this week.

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Earlier:

 

MITSIBISHI BUYS 25% BALNGADESH LNG
2018, August, 20, 14:05:00

MITSIBISHI BUYS 25% BALNGADESH LNG

PLATTS - Japan's Mitsubishi has agreed to acquire a 25% interest in Bangladesh's Summit LNG import project, which includes a floating, storage and regasification unit, with the remaining 75% held by Summit Corporation, the Japanese LNG trader said in a statement late last week.

 
 JAPAN'S LNG DOWN
2018, July, 25, 09:25:00

JAPAN'S LNG DOWN

REUTERS - Japan, the world’s biggest importer of LNG, brought in 5.55 million tonnes of the fuel in June, down more than 10 percent from a year earlier, official data showed on Wednesday. That was the lowest monthly import number since May 2016.

 

 THE NEW JAPAN'S ENERGY PLAN
2018, July, 4, 12:01:00

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WNN - A new basic energy plan that sets goals for Japan's energy mix to 2030 and presents scenarios to 2050 was today approved by the Cabinet. Under the plan, nuclear will remain a key energy source, accounting for 20-22% of the country's electricity generation up to 2030.

 

 JAPANESE - CHINESE GAS DISPUTE
2018, July, 2, 11:45:00

JAPANESE - CHINESE GAS DISPUTE

REUTERS - Japan has protested to China for allowing a gas drilling vessel to operate in disputed waters in the East China Sea, the government said

 

 THE DRAMATIC U.S. GOVERNMENT
2018, June, 4, 13:45:00

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PLATTS - "Japanese companies don't want to stop imports suddenly," he said, adding the US position needed clarifying. "The situation in the US government is drastically changing every day."

 

 JAPAN'S LNG DOWN 2.6%
2018, April, 27, 10:40:00

JAPAN'S LNG DOWN 2.6%

PLATTS - Japan's LNG imports slipped 2.6% year on year to 7.9 million mt in March with imports from Papua New Guinea dropping, Ministry of Finance data released Thursday showed. PNG LNG had shut its plant after a massive earthquake hit the region on February 26. Japan's imports from PNG fell 65.7% from a year ago to 145,580 mt, or about two cargoes, in March.

 

 ASIA'S LNG DEMAND
2018, April, 25, 09:55:00

ASIA'S LNG DEMAND

REUTERS - global liquefied natural gas (LNG) imports have risen 40 percent since 2015, to almost 40 billion cubic meters (bcm) a month. Growth accelerated in 2017, with imports up by a fifth, largely because of rising demand in China, but also in South Korea and Japan.

 

Tags: RUSSIA, LNG, JAPAN

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