Gulf Oil and Gas accountACCOUNT

Rosneft & Marubeni Sign Agreement for Sale & Purchase of LNG

Source: www.gulfoilandgas.com 6/21/2013, Location: Asia

Rosneft President and Chairman of the Management Board Igor Sechin and Managing Executive Officer, Regional CEO for Europe & CIS of Marubeni Corporation Motoo Uchiyama signed a Heads of Agreement for sale and purchase of liquefied natural gas (HoA) at the Saint Petersburg International Economic Forum. LNG will be delivered to Marubeni under a new LNG project Rosneft intends to develop in the Russian Far East.

The HoA outlines key commercial parameters, which will underlie the future long-term LNG supply contract. In accordance with the HoA, Rosneft plans to deliver 1.25 million tons of LNG to Marubeni annually on a long-term basis starting from 2019.

The strong demand for LNG in Japan and other Asia Pacific Region countries, which has been observed in recent years, provides wide opportunities for Rosneft’s new LNG project in the Russian Far East. In addition, LNG deliveries from this project are essential for diversification of LNG supply sources and improvement of Japanese energy security. Favorable location of the future plant and its proximity to key sea ports and Japanese regasification terminals will be a distinct advantage for the project ensuring flexibility, reliability and uninterruptable energy source to Japanese consumers.

For more information about related Opportunities and Key Players visit Caspian Region Projects

Natural Gas News in Russia >>

China >>  8/22/2019 - Honeywell (HON) announced that PetroChina Guangdong Petrochemical Company will adopt advanced heavy oil processing technology from Honeywell UOP for i...
Azerbaijan >>  8/19/2019 - Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured an Engineering and Technical Services ...

India >>  8/19/2019 - INTECSEA Inc, a wholly owned subsidiary of Worley, has been awarded a project management consultancy (“PMC”) contract by Reliance Industries Limited (...
China >>  8/12/2019 - China based offshore and subsea solutions company, COOEC Offshore, has formed an alliance with international oilfield services company, Expro. The for...

India >>  8/6/2019 - BP and Reliance Industries Limited (RIL) have agreed to form a new joint venture that will include a retail service station network and aviation fuels...
Russia >>  8/2/2019 - Saipem has reached an agreement with Technip France and NIPIgaspererabotka to participate in the Joint Venture for the realization of the Arctic LNG 2...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.