Gazprom and Japanese companies plan to build a liquefied natural gas plant near Russia's Pacific port of Vladivostok in 2016 with capacity of 10 million tonnes a year, a Gazprom source said on Thursday, Reuters reports.
He also told reporters that the investment required for the plant's construction is estimated at $7 billion. Japan is slated to get 7 million tonnes of the frozen gas a year, the rest will be shipped to South Korea.
Last month, a consortium led by the Japanese trading house Itochu Corp (8001.T), said it may build an LNG plant in Russia's Far East together with Gazprom to satisfy rising demand for the fuel.
He also told reporters that the investment required for the plant's construction is estimated at $7 billion. Japan is slated to get 7 million tonnes of the frozen gas a year, the rest will be shipped to South Korea.
Last month, a consortium led by the Japanese trading house Itochu Corp (8001.T), said it may build an LNG plant in Russia's Far East together with Gazprom to satisfy rising demand for the fuel.