Russia and Japan sign a cooperation deal in a LNG project

18/01/2011 16:32 Natural Gas


Russia and Japan have signed an agreement of cooperation to jointly develop a feasibility study for the construction of a liquefied natural gas (LNG) plant near the Russian city of Vladivostok.

Russia and Japan also plan to analyze the possibility of transporting and selling natural gas and petrochemical products from Vladivostok to countries of the Asian–Pacific Region. In addition, both companies will also study the possibility of compressing natural gas in Vladivostok, Gazprom said. The agreement was signed by the Chairman of Gazprom, Alexei Miller and Tetsuhiro Hosono, Director General of the Agency for Natural Resources and Energy under the Japanese Ministry of Economy, Trade and Industry. The parties also extended the existent Framework Cooperation Agreement for five years which was signed for the first time on November 21, 2005.

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03/03/2021 10:37:00

Crude oil prices remained on the back-foot for the fourth consecutive day on Tuesday amid expectations that OPEC+ producers will ease supply curbs at their meeting later this week as the global oil demand shows signs of recovery from the coronavirus pandemic. Hence, Brent crude dropped by 99 cents, or 1.6%, to settle at $62.70 a barrel, its lowest close since Feb. 12. U.S. WTI crude fell by 89 cents, or 1.5%, to $59.75, its lowest settlement since Feb. 19.


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