Regional LNG: Gazprom, Mitsui sign MoU to cooperate in LNG bunkering

By Romel S. Gurky

Russia?s Gazprom and Japan?s Mitsui & Co Ltd signed on Friday a MoU to cooperate in feasibility and marketing studies with regard to the bunkering of marine vessels with liquefied natural gas in Russia?s Far East and the Asia Pacific region.

Gazprom said in a statement that the MoU was signed the company?s Management Committee Chairman, Alexey Miller, and Masami Iijima, Representative Director and Chairman of the Board of Directors of Mitsui in Vladivostok.

The two firms discussed the ongoing and future cooperation, focusing, among other things, on liquefied natural gas production within the Sakhalin II project and on the increase in its output with the construction of the third production train of the LNG plant.

?Gazprom and Mitsui have successfully cooperated on the Sakhalin II project. Now we have an excellent opportunity to partner in a new business area ? small-scale LNG. Joint efforts in the bunkering industry will help our companies diversify our businesses and strengthen our positions in the dynamic Asian market,? said Miller in the statement.

Editing by Reiner Simanjuntak