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ECONOMY > Energy

Japan signs MOU with Novatek

  • September 12, 2018
  • , Nikkei , p. 5
  • JMH Translation

Japan Oil, Gas and Metals National Corporation (JOGMEC), an independent administrative institution, agreed with major Russian gas producer Novatek to cooperate in developing and liquefying natural gas. The two entities will discuss projects which can flesh out cooperation in developing natural gas in Yamal, an Arctic region in northern Russia, and in transporting liquefied natural gas (LNG) via the Northern Sea Route in a bid to help Japanese companies enter the business. JOGMEC and Novatek signed a memorandum of understanding effective Sept. 10.

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