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The Japan Bank for International Cooperation (JBIC; Governor: Akira Kondoh) signed on September 7th a memorandum of understanding (MOU) with Public Joint Stock Company Gazprom (Gazprom) during the Eastern Economic Forum in Vladivostok. This MOU is to strengthen mutual cooperation based on the MOU signed in December 2016 to enhance business relationships between Russia and Japan.
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Gazprom is a global energy company focused on geological exploration, production, transportation, storage, processing and marketing of gas (including as a vehicle fuel), gas condensate and oil, as well as electricity and heat production and distribution.
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As Japan's policy-based financial institution, JBIC will continue to build relationships with important partners in the areas of oil and gas development and LNG procurement and provide financial support to secure stable sources of energy for Japan through efforts to create business opportunities for Japanese companies.
