Mitsubishi Corporation Signs Strategic Cooperation Agreement with Gazprom

Dec 16, 2016 16:00 JST

Source: Mitsubishi Corporation

TOKYO, Dec 16, 2016 - (JCN Newswire) - Mitsubishi Corporation (MC) today announced that it has signed an Agreement of Strategic Cooperation with Gazprom of Russia.

MC and Gazprom have been working in collaboration since Gazprom became a partner in the Sakhalin II Project in 2007, with both companies leveraging each other's strength to sustainably operate and produce LNG from two trains. Some 70% of the LNG produced from the project is supplied to Japan, constituting approximately 10% of the LNG imported to Japan. MC has also started looking into the expansion of the Sakhalin II Project with plans to launch a third train already being discussed with Gazprom and other shareholders, thereby deepening the ties of cooperation with Gazprom.

The Agreement of Strategic Cooperation is aimed at providing a framework for deepening the relationship of trust between the two companies, and to facilitate collaboration in other areas not limited to energy.

MC will continue seeking to leverage its comprehensive strengths as a global integrated business enterprise, including its wide network, to promote greater collaboration with Gazprom while at the same time contributing to the enhancement of economic cooperation between Japan and Russia.

Contact:

Mitsubishi Corporation
Telephone: +81-3-3210-2171 
Facsimile: +81-3-5252-7705

Source: Mitsubishi Corporation
Sectors: Energy, Alternatives

Related Press Release

Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA

April 16 2024 13:36 JST

Mitsubishi Corporation Announces Completion of Capital Raise by Nexamp

April 11 2024 12:07 JST

Mitsubishi Corporation: Sale of BMA Coal Assets in Queensland Completed

April 03 2024 18:05 JST

Fujitsu signs MoU with Mitsubishi UFJ Financial Group, Inc. to drive nature positive actions

April 01 2024 15:17 JST

Mitsubishi Corporation and 7 large international companies join forces to sponsor the creation of a global e-NG coalition

March 19 2024 15:40 JST

Nissan and Mitsubishi Corporation agree to explore new business in next-generation-mobility and energy-related services utilizing EVs

March 18 2024 16:29 JST

Mitsubishi Corp to invest in TIER IV: Transforming regional mobility with autonomous driving

March 15 2024 11:36 JST

Mitsubishi Corporation: Participation in PAK Lithium Project in Canada

March 05 2024 15:57 JST

Mitsubishi Corporation Expands its Data Center Presence with Entry into US

March 04 2024 14:27 JST

Mitsubishi Corporation's Sale of Exportadora de Sal, S.A. de C.V., a Salt Production Company in Mexico

February 26 2024 13:29 JST

More Press release >>

Latest Press Release

Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST

Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST

Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST

Fujitsu and Oracle collaborate to deliver sovereign cloud and AI capabilities in Japan
Apr 18, 2024 11:14 JST

Eisai: Research on Treatments for Alzheimer's Disease Based on Its Pathological Mechanisms Recieves Award for Science and Technology (Research Category)
Apr 18, 2024 10:53 JST

All-New Triton Confirmed as First Double-Cab Pickup Truck to Achieve 2024 Five-Star ANCAP Safety Rating
Apr 18, 2024 09:22 JST

Eisai's Antiepileptic Drug Fycompa Injection Formulation Launched In Japan
Apr 17, 2024 16:17 JST

Honda Unveils Next-generation EV Series for China
Apr 17, 2024 12:15 JST

Lexus presents Time at the 2024 Milan Design Week
Apr 16, 2024 18:49 JST

Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA
Apr 16, 2024 14:36 JST

New circuit challenge for TOYOTA GAZOO Racing
Apr 15, 2024 17:21 JST

TOYOTA GAZOO Racing back on asphalt for Croatian challenge
Apr 12, 2024 19:36 JST

Heidelberg Materials North America Announces Latest Milestone in Edmonton CCUS Project
Apr 12, 2024 14:39 JST

MHIAEL Completes Expansion of the its Nagasaki Plant for Manufacture of Aero Engine Combustors
Apr 11, 2024 18:08 JST

Mitsubishi Shipbuilding Acquires Approval in Principle (AiP) from Classification Society ClassNK for Ammonia Fuel Supply System (AFSS)
Apr 11, 2024 17:50 JST

DOCOMO, NTT, NEC and Fujitsu Develop Top-level Sub-terahertz 6G Device Capable of Ultra-high-speed 100 Gbps Transmission
Apr 11, 2024 15:10 JST

Mitsubishi Corporation Announces Completion of Capital Raise by Nexamp
Apr 11, 2024 13:07 JST

Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Supply System for Ammonia-Powered Marine Engine
Apr 10, 2024 16:55 JST

Transgene and NEC Present First Clinical Benefits of Neoantigen Cancer Vaccine, TG4050, in Head & Neck Cancer at AACR 2024
Apr 10, 2024 13:36 JST

DENSO, Companies Initiate Demonstration to Expand Automotive Recycling Process
Apr 09, 2024 19:07 JST

More Latest Release >>