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

Qatar LNG Halt Forces Asia to Seek Alternative Supplies

QatarEnergy Selects Technip Energies JV for North Field West Expansion Work

MISC Secures Long-Term Charter for Papua New Guinea's First FSO

Japan's Mitsui in Advanced Talks for Stake in Qatar’s North Field LNG Project

QatarEnergy, Petronas Ink 20-Year LNG Supply Agreement

Australia and Timor-Leste Push to Advance Greater Sunrise Gas Field

JERA Lifts First LNG Cargo From Barossa Gas Project in Australia

Petrovietnam Agrees First-Ever LNG Term Deal with Shell

Low Demand, High Supply Keeps Asia LNG Spot Prices Flat

Yinson Production Cuts First Steel for Vietnam-Bound FSO

Current News

US to Deploy Amphibious Assault Ship, Marines to Middle East

Indian Gas Tankers Prepare to Sail Through Strait of Hormuz

Offshore Vietnam: Energy Imports Rise as Domestic Production Falls

Eni Advances Major Deep Water Gas Hubs with Dual FIDs

Eni Advances Angola Gas Project, Secures $9B Credit Facility

TVO Customizes Tethered BOP Technology

Eni: New Gas Discoveries in Libya

Petronas Makes New Hydrocarbon Discovery in Southeast Asia

PTTEP Picks Everllence Compressors for Thailand’s Offshore CCS Project

IEA Unleashes Record 400M Barrel Oil Stockpile Release Amid Iran War Disruptions

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