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Gazprom and JBIC consider future co-operation

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World Pipelines,

Alexey Miller, Chairman of the Management Committee of Gazprom, and Tadashi Maeda, CEO and Executive Managing Director of Japan Bank for International Cooperation (JBIC), have attended a working meeting at the St. Petersburg International Economic Forum 2017.

During the meeting, the parties discussed avenues for deeper co-operation, including JBIC’s potential participation in securing financing for Gazprom's projects in line with an Memorandum of Understanding (MoU) that the companies signed in December 2016.

This MoU outlined the basic principles of co-operation in securing financing for Gazprom's projects with the involvement of Japanese companies.

JBIC is a state-owned financial institution that aims at developing economic co-operation with foreign countries. Gazprom and JBIC have established a long-standing, with JBIC participating in financing the Blue Stream gas pipeline construction project and the Sakhalin II project.

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