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Russia's natural gas monopoly sends first shipment of
Published in Saudi Press Agency on 18 - 08 - 2006

Russian natural gas monopoly OAO Gazprom sent its first shipment to Japan of liquefied natural gas on Friday, the company's latest step to acquire experience
with the fuel before its own LNG projects come on line, AP REPORTED.
Gazprom said in a statement that it had acquired the
145,000 cubic meters (188,500 cubic yards) of LNG (the
equivalent of 92 million cubic meters/119.6 million cubic
yards of gas) from Japan's Mitsubishi Corp. and that the
gas was delivered Friday to Chubu Electric Power Co. Inc.'s
Chita receiving terminal in Japan.
Gazprom spokesmen were not able to say immediately wherethe gas had originally come from, though Mitsubishi is
involved in LNG projects in Australia, Brunei, Oman and
Russia.
«This successful trading operation between Gazprom and
Mitsubishi Corp. is Gazprom's first step into the liquefied
gas market of the Asia-Pacific region,» the statement
said.
It did not disclose the mechanism by which it acquired the
gas, but Gazprom has swapped its own piped gas supplies for
the liquefied gas of other international energy companies
previously. The shipment to Japan is Gazprom's third
worldwide: the two previous went to the United States and
Britain.
Gazprom's future LNG shipments to the U.S. will come from its 3.2 trillion cubic meter (4.16 trillion cubic yard)
Shtokman offshore gas field in the Barents sea, where it
has yet to announce the two or three foreign energy
companies that will help it develop the project.
The company is also negotiating with Royal Dutch Shell PLC to acquire a stake in its giant Sakhalin-2 project off
Russia's Pacific coast, which will supply LNG to Asian and
Pacific markets.
Gazprom is the world's biggest natural gas producer and
supplies a quarter of Europe's gas.


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