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Royal Dutch Shell Plc .com: Japanese in Baltic LNG?

From The Moscow Times

Gazprom is considering inviting Japan’s Mitsui and Mitsubishi as equity partners in its liquefied natural gas project on the Baltic Sea, Gazprom said Thursday. Gazprom has previously said it might build the plant together with Canada’s PetroCanada.

The deal with the two Japanese firms may unlock a stalled negotiation between Gazprom and Royal Dutch Shell over Gazprom’s plan to take 25 percent of the Shell-led Sakhalin Energy project.

Shell and Gazprom have an agreement in principle to allow Gazprom into the Sakhalin project by means of a swap deal. In return for the stake, Shell would get the deep deposits of Gazprom’s huge Zapolyarnoye field. (Reuters)

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