TOKYO -- Novatek, a leading gas company in Russia, has asked major Japanese trading houses Mitsubishi Corp. and Mitsui & Co. to invest in an Arctic liquefied natural gas project expected to cost 3 trillion yen to 4 trillion yen ($27.1 billion to $36.1 billion).
International relations
Japan eyes support for Russia LNG project amid territorial talks
Tokyo hopeful economic cooperation will lead to results but history suggests otherwise
Novatek expects an Arctic project to begin producing 20 million tons of LNG annually around 2023. (Photo by Tomoyo Ogawa)
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