Mitsui, JOGMEC to invest in Novatek's Arctic LNG 2 project
Mitsui & Co and Japan Oil, Gas and Metals National Corp (JOGMEC) are expected to agree on Friday to invest in the Arctic LNG 2 project being built by Russia’s largest independent gas producer Novatek, Jiji Press reported.
A memorandum on the investment by the companies will be signed on Friday in St. Petersburg, the Japanese news agency reported on its website, citing no sources. Mitsui President Tatsuo Yasunaga is visiting Russia for a conference and will sign the memorandum, Jiji said.
Last week, another Japanese newspaper reported that Mitsubishi Corp would also take a stake in the project.
A spokesman at Mitsui told Reuters on Thursday that it was continuing talks over the project with Novatek and was considering its economic prospects.
A spokesman at JOGMEC said it was considering collaboration opportunities in Novatek’s projects, including the Arctic LNG 2 project and was holding talks with Japanese companies involved, but he declined to give further details.
Mitsubishi said it was studying the project, but nothing has been decided.
Novatek said in April the company was at a final stage of talks to sell another 10 percent stake in Arctic LNG 2 but did not disclose the identity of any potential buyer.
The company also announced in April the sale of 20 percent of the project to two Chinese companies, and in March it agreed to sell a 10 percent stake to France’s Total. (Reporting by Yuka; writing by Aaron Sheldrick)
Best Practices in Supporting Front Line HPI Operations Remotely in Response to Covid-19
To ensure employee safety, HPI companies had to quickly pivot to a remote support model with many subject matter experts (SMEs) and engineering staff working remotely supporting front line, sequestered critical operations and field operators.
What are the best practices and lessons learned from this new remote operational support model? What have been technologies and work processes that are enabling effective and efficient remote operational support? Is this the “new norm” going forward even when the impact of Covid-19 abates? If not, how will remote support of critical operations be changed?
If this topic and questions are of interest to you and your organization, please attend this special HPI webinar with a panel of leading industry customer experts who will discuss their perspectives. Attendees will have the opportunity to ask questions for the panelists.
May 18, 2020 10:00 AM CDT