Gazprom, Itochu To Sign Vladivostok LNG Accord, Nikkei Says

OAO Gazprom (GAZP) has reached an agreement to build a liquefied natural gas plant with Japan’s Itochu Corp. (8001) and Japan Petroleum Exploration Co. (1662) in Vladivostok, Nikkei reported without saying where it got the information. * Russia President Vladimir Putin and Japan’s Prime Minister Yoshihiko Noda will attend the signing of the so-called basic accord, Nikkei said. * The agreement will be signed during the Asia-Pacific Economic Cooperation summit in the Russian city, it said. NOTE: Summit runs Sept. 8-9 NOTE: Gazprom and an Itochu-led group of Japanese companies have been studying building an LNG plant with 10 million metric tons of capacity in Vladivostok since the start of 2011: NSN LK92TB6S972G <GO>

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To contact the editor responsible for this story: Rebecca Keenan at rkeenan5@bloomberg.net

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