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Bank of Japan is ready to accompany the project for the construction of an LNG terminal in Kamchatka - EastRussia | Far East

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The Bank of Japan is ready to accompany the project for the construction of an LNG terminal in Kamchatka

The advisory board of the platform to support Japanese investment in the Far East intends to support the project to build a liquefied natural gas (LNG) transshipment terminal in Kamchatka. Negotiations on their participation in the project are underway with the Marubeni and Mitsui companies. In September, the Bank of Japan for International Cooperation (JBIC), which is one of the founders of the platform, concluded a cooperation agreement with them.

According to the press service of the Ministry of Eastern Development, the Japanese government attaches great importance to the project to create an LNG transshipment terminal in Kamchatka, since it is of great importance for the development of the Northern Sea Route and the formation of key LNG supplies to Asian markets.

The platform has concluded eight cooperation agreements with Japanese companies. Projects implemented in the Far East with her participation are priorities for funding from JBIC Bank, they can also receive support from the Russia-Japan Investment Fund. Now JBIC is considering the possibility of financing investment projects of Japanese companies interacting through Sberbank.