Marubeni & Mitsui Sign Cooperation Agreement with Japanese Project Promotion Vehicle

Source: www.gulfoilandgas.com 9/14/2018, Location: Asia

On September 5th, Marubeni Corporation (President & CEO: Fumiya Kokubu; Headquarters: Chuo-ku, Tokyo; hereinafter “Marubeni”) and Mitsui O.S.K. Lines, Ltd. (President & CEO: Junichiro Ikeda; Headquarters: Minato-ku, Tokyo; hereinafter “MOL”) announced the signing of a business cooperation agreement with Japanese Project Promotion Vehicle in the Far East LLC (JPPV).

JPPV is jointly established by Japan Bank for International Cooperation, Far East Investment and Export Agency, Far East and Baikal Region Development Fund with the objectives of encouraging Japanese companies to launch business in Russia and promoting Japanese investment in Russia and the Far East. The agreement aims to draw upon JPPV’s expertise in order to smoothly establish LNG transshipment terminals in the Far East.

Marubeni and MOL have signed a memorandum of understanding (MOU) with PAO NOVATEK (NOVATEK), Russia's largest independent gas production and sales company, for a joint feasibility study aimed at establishing an LNG transshipment and marketing complex off Kamchatka Peninsula, where Advanced Special Economic Zones (ASEZ) is located; this agreement in meaningful for the commercialization of the transshipment terminal.

Marubeni and MOL will contribute not only to the mutual relationship between Japan and Russia, but to continued regional development in the Russian Far East.


Denmark >>  6/23/2022 - Noble Corporation (NE) ("Noble") and The Drilling Company of 1972 A/S (DRLCO), collectively with Noble, the "Parties," provided an update on the ongoi...
United Arab Emirates >>  6/21/2022 - A definitive agreement has been reached between the Abu Dhabi National Energy Company (TAQA), the Abu Dhabi National Oil Company (ADNOC), and Mubadala...

Colombia >>  6/20/2022 - Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreeme...
France >>  6/20/2022 - Mirova, a Natixis Investment Managers affiliate committed to impact investment, has set a goal of financing the environmental and energy transition. M...

United Kingdom >>  6/20/2022 - Equistone Partners Europe ("Equistone"), a prominent European mid-market private equity company, has purchased OneOcean, a leading supplier of voyage ...
United States >>  6/19/2022 - EnCap Investments L.P. and the Double Eagle family of companies' management team ("Double Eagle") announced that they have formed Double Eagle Energy ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.