Alexey Miller and JBIC Governor Tadashi Maeda discuss areas of cooperation
RELEASE
Release
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tadashi Maeda, Governor of Japan Bank for International Cooperation (JBIC), took place today at the St. Petersburg International Economic Forum 2019.
The parties discussed the success of their joint efforts and looked into the possibilities of expanding their cooperation.
Background
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.
Gazprom and JBIC have established a long-standing and fruitful cooperation. Specifically, JBIC participated in financing the Blue Stream gas pipeline construction project and the Sakhalin II project. In December 2018, Gazprom successfully placed its first JBIC-guaranteed bond issue in Japanese yen for Japanese investors. Gazprom was the first Russian company to enter the Japanese capital market.