Gazprom and JBIC sign Memorandum of Understanding to advance cooperation
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tadashi Maeda, CEO and Executive Managing Director of Japan Bank for International Cooperation (JBIC), took place today at the Eastern Economic Forum 2017 in Vladivostok.
The parties discussed ongoing and future cooperation in the energy sector.
In addition, Alexey Miller and Tadashi Maeda signed a Memorandum of Understanding aimed at advancing cooperation between Gazprom and JBIC. The document spells out a number of provisions outlined in the Memorandum inked in December 2016.
Japan Bank for International Cooperation was set up in 1999 as a state-owned financial institution aimed at developing economic cooperation with foreign countries. The bank is focused on supporting international economic activities of Japanese companies.
In December 2016, Gazprom and JBIC signed the Memorandum of Understanding outlining the basic principles of cooperation in securing financing for Gazprom's projects with the involvement of Japanese companies.