Gazprom, MOL, ITOCHU to study Russian LNG transportation
World's-largest natural gas producer Gazprom Wednesday signed a memorandum of understanding with Mitsui O.S.K. Lines and ITOCHU Corp. to study potential liquefied natural gas transportation from Russia.
Russian state-owned Gazprom plans to start exporting LNG to Europe and North America by 2010. It is developing Shtockman gas field, located 550 kilometers offshore from Murmansk, with a proved reserve of 3.2 trillion cubic-meters.
MOL said it and ITOCHU approached Gazprom a few years ago to help further their participating in the LNG transportation business in Russia.
In June, MOL opened offices in Moscow and Vladivostok.
Gazprom, MOL, ITOCHU to study Russian LNG transportation
