Japan and Russia likely will reach a broad agreement as early as this month on business plans for a liquefied natural gas plant project in Vladivostok, sources have said.
Both sides reached a basic agreement in 2011 on the joint construction of the LNG plant in the Russian Far East. The plant is expected to produce 10 million tons of LNG a year, the equivalent of about 14 percent of Japan's annual total LNG imports.
About 1 trillion yen is expected to be invested in the project, and the plant is likely to start operations around 2020. The Japanese side expects the plant to contribute to a stable energy supply in the country, the sources said Thursday. (Yomiuri)
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