Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos

Oil & Gas
Exploration & Development
Return to: EBR Home | Oil & Gas | Exploration & Development

Gazprom and JBIC sign MoU to advance cooperation

Published 07 September 2017

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tadashi Maeda, CEO and Executive Managing Director of Japan Bank for International Cooperation (JBIC), took place at the Eastern Economic Forum 2017 in Vladivostok.

The parties discussed ongoing and future cooperation in the energy sector.

In addition, Alexey Miller and Tadashi Maeda signed a Memorandum of Understanding aimed at advancing cooperation between Gazprom and JBIC. The document spells out a number of provisions outlined in the Memorandum inked in December 2016.

Background

Japan Bank for International Cooperation was set up in 1999 as a state-owned financial institution aimed at developing economic cooperation with foreign countries. The bank is focused on supporting international economic activities of Japanese companies.

Gazprom and JBIC have established a long-standing and fruitful cooperation. Specifically, JBIC participated in financing the Blue Stream gas pipeline construction project and the Sakhalin II project.

In December 2016, Gazprom and JBIC signed the Memorandum of Understanding outlining the basic principles of cooperation in securing financing for Gazprom's projects with the involvement of Japanese companies.



Source: Company Press Release