Russia: Japan's Mitsubishi Interested in Arctic LNG 2 Project

by Vladimir Soldatkin
Monday, January 21, 2019

Russia's energy ministry said on Monday that Japan's Mitsubishi Corp has expressed interest in participation in the Arctic LNG 2 project, which is due to start producing liquefied natural gas in the next decade.

Novatek owns a 90 percent stake in the project, with France's Total holding the other 10 percent. Novatek intends to keep a 60 percent stake in Arctic LNG 2, offering 30 percent to other investors.

Energy ministry officials have met representatives from Mitsubishi, the ministry said without elaborating.

Last month two sources said that Mitsui, Saudi Aramco and the Russian Direct Investment Fund were in talks with Novatek over taking stakes in the project, which should bring the Russian gas company closer to its goal of producing as much LNG as Qatar, one of the world's top suppliers.

(Reuters, Reporting by Vladimir Soldatkin and Anastasia Lyrchikova Editing by David Goodman)

Categories: LNG Arctic Operations

Related Stories

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

ABS Approves Hanwha Ocean’s FPSO Design

RINA to Conduct Pre-FEED Study for Petronas’ CCS Project in Malaysia

QatarEnergy Signs Deal with Shell for Long-Term LNG Supply to China

CRC Evans Secures Work at Qatar’s Largest Offshore Oil Field

Floating Wind and the Taming of Subsea Spaghetti

MacArtney Asia Named Regional Reseller for Select Teledyne Products

TotalEnergies Signs LNG Supply Deal with South Korea’s HD Hyundai Chemical

TotalEnergies Extends LNG Supply Agreement with CNOOC Until 2034

CNOOC Ticks Another Milestone in Ultra-Deepwater Gas Exploration

Current News

CNOOC Boosts Dongfang Gas Fields Output with New Platform Coming Online

Petronas to Retain National Authority After Sarawak Gas Deal

Yinson Production Scoops $1B Investment to Upscale FPSO Business

Petronas Greenlights Hidayah Field Development Off Indonesia

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

BP Targets 44% Oil, 89% Gas Increase from India’s Mumbai High Field

US Operator Finds Oil Offshore Vietnam

BP to Help Boost Oil and Gas Output at India’s Largest Producing Field

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

CNOOC’s South China Sea Oil Field Goes On Stream

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com