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Energy

Japan and Russia set to launch $9bn LNG project in Far East

Consortium including Itochu, Rosneft and Exxon look to begin production in 2027

The project will send liquefied natural gas via a 200-km pipeline to Russia and produce 6.2 million tons of LNG a year.   © Kyodo

TOKYO -- A group of Japanese companies and its government are set to launch a new liquefied natural gas project with Russian and U.S. partners in far eastern Russia in a move that may shift the power dynamics of the growing global LNG market.

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