The logistic capabilities of the Murmansk region attract attention of Japanese business. This was noted by Ambassador Extraordinary and Plenipotentiary of Japan to Russia Toyohisa Kozuki during meetings with Andrey Chibis, the Governor of the Murmansk Region.
The Japanese delegation included representatives of 15 major Japanese companies and associations, such as Hitachi Construction Machinery, Mitsubishi Corporation, Japan Airlines, Japan business club, Japan organization for the development of foreign trade (JETRO), The Japan Oil, Gas and Metals National Corporation (JOGMEC) and others. The purpose of the visit is a detailed acquaintance with the region, its investment opportunities and business environment.
First of all, Japanese companies are interested in using the Northern Sea Route capabilities as a transcontinental trade route as well as in participating in the Arctic projects. Liquefied natural gas is being already delivered by sea from the Arctic fields to Japan. In addition, an agreement implying Japan investing three billion dollars in the development of the Novatek Arctic LNG-2 project has been signed earlier this year.
In addition to LNG, the sphere of interests of potential investors includes offshore coal transshipment, especially in connection with the modernization of the Murmansk transport hub and the construction of the Lavna terminal.
Also, Japanese enterprises are ready to consider investment opportunities in the mining complex of the Murmansk region.
Japanese business is interested in tourism potential of the Murmansk region as well.
Posted by: 07 November 2019
AA