Posted to WOGNEWS in the Oil & Gas Group
image credit: RUSSIAN LNG FOR JAPAN
- Aug 4, 2023 5:12 am GMT
The short version. Full version see here.
Mitsui joined the Arctic LNG 2 project in 2019 via a subsidiary called Japan Arctic LNG, which secured substantial financial support from state-owned Japan Organization for Metals and Energy Security (JOGMEC) as part of wider Japanese efforts to ensure stable LNG supply and diversify import sources.
Mitsui handles LNG marketing for Japan Arctic LNG’s 10% equity offtake volume of 1.98 million mt/year from the project.
Novatek CEO Leonid Mikhelson said July 20 that first LNG from the project was still expected before the end of 2023, with ramp-up to design capacity between January and March 2024.
Vladimir Vinogradov
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