Russia’s Gazprom, Mitsui sign LNG cooperation agreement

VLADIVOSTOK, Russia – Gazprom , Russia’s biggest natural gas producer, and Japanese trading firm Mitsui & Co have signed a liquefied natural gas (LNG) cooperation agreement, the Russian energy giant said on Thursday.

“The document reflects the parties’ striving toward cooperation in production, transportation and marketing of small and medium-scale LNG on the territory of Japan, as well as LNG bunkering in the Sea of Japan,” Gazprom said in a statement.

Gazprom also said it had clarified certain provisions in the memorandum of understanding it signed with the Japan Bank for International Cooperation (JBIC) last year.