MOU with JSC NOVATEK for Strategic Partnership
Supporting creation of business opportunities for Japanese companies by building relationship with largest independent natural gas producer in Russian Federation
- Region: Europe
- Energy and Natural Resources
The Japan Bank for International Cooperation (JBIC; Governor: Akira Kondoh) on September 2 signed a memorandum of understanding (MOU) for strategic partnership with JSC NOVATEK, the largest independent natural gas producer in the Russian Federation, aimed at cooperation in oil and natural gas projects.
NOVATEK is engaged in the development of oil, natural gas and liquefied natural gas (LNG) in Russia, which has the world's second largest natural gas reserves. The MOU is expected to lead to a more stable supply of resources to Japan by creating business opportunities for Japanese companies through close exchange of information and opinions between JBIC and NOVATEK.
As Japan’s policy-based financial institution, JBIC will continue to build strategic relationships with important partners in the areas of oil and gas development and LNG procurement and contribute to securing stable sources of energy for Japan by helping create business opportunities for Japanese companies and getting involved in projects from their early stages.