A Japanese consortium led by Itochu Corp. (8001.TO) and Russian state gas giant OAO Gazprom (GAZP.RS) have begun an investment study about constructing a liquefied natural gas plant in Russia's Far East, Gazprom said Monday.
A Japanese consortium led by Itochu Corp. (8001.TO) and Russian state
gas giant OAO Gazprom (GAZP.RS) have begun an investment study about
constructing a liquefied natural gas plant in Russia's Far East, Gazprom said
Monday.
Gazprom's Chief Executive Alexei Miller and
Japan
's
head of Agency for Natural Resources and Energy Ichiro Takahara discussed the
results of a feasibility study in
Moscow
Monday, Gazprom said in a statement.
The Japan Far East Gas Co. consortium, which includes Itochu and its unit
Itochu Oil Exploration Co., Japan Petroleum Exploration Co. (1662.TO), Marubeni
Corp. (8002.TO) and Inpex Corp. (1605.TO), agreed with Gazprom last year to
conduct a feasibility study of a 10 million-metric-ton-a-year LNG plant in
Russia
's Far
Eastern city of
Vladivostok
.
Japanese demand for LNG to generate electricity rose sharply because of the
steep drop in nuclear power capacity following the earthquake and tsunami in
March last year that damaged the Fukishima nuclear power plant.
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