Gazprom and Mitsubishi address Sakhalin II project

RELEASE

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Hidenori Takaoka, Chief Executive Officer of the Energy Business Group of Mitsubishi Corporation, took place today at the 4th Eastern Economic Forum in Vladivostok.

The meeting addressed the current status of the Sakhalin II project, discussing, inter alia, the construction of the third train of the LNG plant.

The parties also considered the prospects for further cooperation.

Background

Mitsubishi Corporation is an integrated company that operates in a number of economic sectors, including industrial finance, energy, metals, machinery, chemicals, food production, and environmental protection.

Russia’s only LNG plant is in operation under the Sakhalin II project. The Sakhalin II operator is Sakhalin Energy Investment Company Ltd.

On December 16, 2016, Gazprom and Mitsubishi inked the Agreement of Strategic Cooperation to further their partnership in the LNG sector.

 

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