Russia says Japan's Mitsubishi interested in Arctic LNG 2 project
1/24/2019
MOSCOW, (Reuters) - 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. (Reporting by Vladimir Soldatkin and Anastasia Lyrchikova Editing by David Goodman)
Sign up to Receive Our Newsletter
- Gasum powers Equinor's platform supply vessel with bio-LNG
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Golar LNG signs EPC deal for $2.2-B MK II FLNG conversion project
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- Brazil's fossil push undermines Lula's green ambitions
Comments