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Noda Signs Preliminary Deal With Putin on Vladivostok LNG Plant

Japan and Russia reached a preliminary deal on building a liquefied natural gas plant in Vladivostok as fuel demand rises in Asia.

Japan’s Prime Minister Yoshihiko Noda and Russian President Vladimir Putin signed an agreement today at the Asia-Pacific Economic Cooperation Summit that lays the framework for a decision this year. Most of the LNG produced at the plant is expected to be exported to Japan, according to Japan’s trade ministry.