Russian state oil giant OAO Rosneft (ROSN.RS) and Japan's Marubeni Corp. (8002.TO) signed a memorandum Wednesday on implementing a joint liquefied natural gas project and exploring and developing oil and gas fields, Rosneft said in a statement.
Russian state oil giant OAO Rosneft (ROSN.RS) and
Japan
's
Marubeni Corp. (8002.TO) signed a memorandum Wednesday on implementing a joint
liquefied natural gas project and exploring and developing oil and gas fields,
Rosneft said in a statement.
The companies will consider cooperating on the construction of an LNG plant in
Russia
's
Far
East
, the statement said.
Rosneft has in recent months pressed for permission from the Russian government
to export gas. By law, only state firm OAO Gazprom (GAZP.RS) is allowed to sell
supplies abroad. It is considering building an liquefaction plant with Exxon
Mobil Corp. (XOM) on
Russia
's
Pacific
Coast
.
Rosneft is also partnering with a number of foreign firms, including Exxon, to
explore the Arctic shelf and onshore shale oil.
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