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AFX News Limited: Gazprom, Japan in talks on gas supplies

10.25.07, 1:19 AM ET
MOSCOW (Thomson Financial) – Russian energy giant Gazprom’s top officials met with the chief of Japan’s natural resources and fuel department to discuss gas supplies and the Sakhalin-2 project, Gazprom said late Wednesday.

Shinsuke Kitagawa and Gazprom’s deputy board chairman Alexander Annenkov discussed ‘realization of the program setting up a united system of production and transport of gas in eastern Siberia and the Far East,’ as well as ‘realization of the Sakhalin-2 project,’ the Gazprom statement read.

‘We see great potential for cooperation not only in Gazprom’s gas supplies to Japan but also creating gas and chemical enterprises in eastern Siberia and the Far East as well as marketing of our production in Japan,’ Annenkov was quoted as saying.

Gazprom is a majority shareholder in the consortium developing the Sakhalin-2 reserves, where British-Dutch energy major Shell and Japanese trading houses Mitsui and Mitsubishi Corp (other-otc: MSBHY.PK – news – people ) are minority partners.

There have been fears of possible delays to the Sakhalin-2 project, which is due to start shipping LNG in 2008, because of disputes last year between the consortium and the Russian government.


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