Russia and China in LNG project investment talks
Chinese companies' involvement in Russian LNG projects was being discussed by Russian and Chinese delegations in Moscow yesterday, the Interfax news agency reported, quoting Russian Energy Minister, Sergei Tsivilev.
When asked about the possibility of Chinese companies entering LNG projects in Ust-Luga or other locations in Russia, Tsivilev said that the topic was "being discussed at the moment," but did not provide any further details, Reuters reported.
The state-owned China National Petroleum Corp (CNPC) and Silk Road Fund both hold stakes in Russia's Yamal LNG project, while CNPC and China National Offshore Oil Corp (CNOOC) are involved in the Arctic LNG 2 project.
Russia has repeatedly welcomed the prospect of Chinese companies participating in the construction of an LNG plant and a gas chemical complex in Ust-Luga, located in the Baltic.
Russia and China were due to sign a large number of documents later on Thursday, including an updated investment agreement, Russian President Vladimir Putin told Chinese President Xi Jinping at a meeting in Moscow.
President Xi was in the Russian capital this week for commemorations to mark the 80th anniversary of the victory of the Soviet Union and its allies over Nazi Germany in World War Two.
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