Monday, 13th December 2010
In General Japan News,
Japan and Russia plan gas plant
Japan is to partner with Russia to build a liquid national natural gas (LNG) plant in Vladivostok.
Yomiuri Shimbun reports the two countries are set to sign an agreement before the end of the month and then commence feasibility studies as soon as possible.
Japan's trade and industry minister and trading house Itochu are to work with Russia-based gas company Gazprom to develop the plant in the Russian port.
It is expected the LNG plant will begin production in 2017 and will be capable of producing in excess of five million tonnes of gas per year. The plant could also be linked by a pipeline with the Chayanda gas field in East Siberia via Khabarovsk.
The two sides are also considering the development of a chemical plant and other facilities in the region to support the LNG development.
Itochu recently confirmed it is to be involved in a fuel bio-ethanol production business in the Binh Phuoc Province of South Vietnam.
Written by Mark Smith.
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