LNG

June 22 (LNGJ) - Itochu Corp., the Japanese trading house and LNG player, signed a memorandum of understanding for collaboration in oil and natural gas exploration and production with Hong Kong-based CITIC Resources, whose shareholders include Singapore wealth fund and LNG asset owner Temasek. Itochu is one of the Japanese companies that has signed an agreement to examine the realization of the Vladivostok LNG export project in the Russian Far East with Japan Petroleum Exploration Co., Marubeni Corp., Inpex Corp. and Russia’s Gazprom.