JCG said in a statement Wednesday that the deal would be a first step in enteringRussia’s LNG sector.
After decades of tensions over a territorial dispute, resource-scarce Japan and Russia are discussing various energy deals that would help Moscow increase sales in Asia.
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The consortium between JCG and Technip will provide cost estimates and engineering services for an LNG plant in central Russia’s Yamal Peninsula that is being built by JSC Yamal, a Russian-French joint venture.
Assuming the project is deemed feasible, JCG and Technip would build the plant, with an annual capacity of 16.5 million tons.
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