Gazprom’s Headquarters hosted today a working meeting between Alexey Miller, Gazprom’s Management Committee Chairman and Katsuto Momii, Executive Director and Executive Vice-President of Mitsui & Co., Ltd.

The parties addressed prospects of further cooperation between the companies in the gas industry. Special emphasis was laid upon potential interaction within liquefied natural gas (LNG) production and marketing projects.

In addition, the parties debated proposals by Mitsui to supply Gazprom with bulldozers, pipelayers, excavators and other machinery.

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Founded back in 1876, Mitsui is currently valued at USD 64.6 billion. In 2003, the company’s sales totaled USD 112.2 billion.

Mitsui is being engaged in sales and acquisition, distribution, processing and storage of all energy products in Japan and abroad. Financial activities are also one the company’s businesses.

Energy projects have recently been in the focus of Mitsui, as well. In particular, the company owns a share in two oil and gas firms in Western Australia and has a role in 4 LNG projects being implemented in Abu Dhabi, Qatar, Oman and Western Australia. The Sakhalin II Project is Mitsui’s new large development, in which the company holds a 25% stake.

Among other large projects implemented by Mitsui in Russia is the Yaroslavl Refinery modernization. In addition, Mitsui’s businesses with Russian counterparts involve trading operations with non-ferrous metals, crude oil, fuel oil and petrochemical products as well as supplies of steel pipes, the Komatsu building machinery, etc.

Cooperation between Gazprom and Mitsui has been going on since 1993 and now includes supplies of road-building machines, pipes and drilling units. Mitsui took part in the Blue Stream project implementation, supplying pipes and equipment as well as attracting finance.

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