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

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

Technip Energies Nets Engineering Services Job for ADNOC Offshore

Seatrium Nears Dual FPSO Sailaway for Petrobras' Búzios Field

McDermott Gets ADNOC’s ‘Mega Contract’ to Advance Umm Shaif Field

Iran Tightens Enforcement of Strait of Hormuz Transit Rules

Fugro Secures India Deepwater Drilling ROV Contract

BP Moves Indonesia CCUS Project Into Offshore Installation Phase

Inpex Starts Construction of Indonesia's Abadi LNG Project

Ruwais LNG Commitments Top 90% Capacity with New INPEX Deal

ADNOC Launches Global LNG Trading Powerhouse

Current News

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

Iran Outlines Terms for Restoring Hormuz Shipping

Technip Energies Nets Engineering Services Job for ADNOC Offshore

Seatrium Nears Dual FPSO Sailaway for Petrobras' Búzios Field

Strait of Hormuz Shipping Marks Slight Rise

China's CNOOC Posts Record First-Half Profit

BP Completes Central Azeri Platform Maintenance, Ramps Up Production

Iran-Oman Talks on Hormuz Reopening Drive Down Oil Prices

Viridien Progresses Hybrid Multi-Client Survey Offshore Malaysia

TGS Extends Work on Indonesia’s Largest Seismic Acquisition Project

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