OREANDA-NEWS. June 02, 2009. Gazprom and Japanese Companies Positively Work under Sakhalin II Project

Gazprom’s Headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Masaharu Kono, Ambassador Extraordinary and Plenipotentiary of Japan to he Russian Federation.

The parties positively evaluated the results of cooperation between Gazprom and Japanese companies within the Sakhalin II project and discussed the cooperation deepening prospects in the oil and gas sector.

Special emphasis was put on the possible expansion of cooperation within the Eastern Gas Program including gas chemistry and gas processing projects in Russia as well as LNG production near Vladivostok. In this context, the parties stressed the importance of the Memorandum of Understanding between Gazprom, Japan’s Natural Resources and Energy Agency, Itochu Corporation and Japex signed in May.

The meeting paid special attention to the Sakhalin – Khabarovsk – Vladivostok gas pipeline project which provides the technical capability for extra gas supplies to Asia-Pacific including Japan.

The parties also discussed the areas of possible cooperation between Gazprom and Japanese companies within the Shtokman and the Yamal LNG projects.