Minister: Russia and China discuss Beijing's involvement in Russian LNG projects

Interfax reported that Russian Energy Minister Sergei Tsivilev said on Thursday that the Russian and Chinese delegations were discussing Chinese companies' participation in Russian projects for liquefied gas.

Tsivilev, when asked about the possibility that Russian companies could enter LNG projects in Ust-Luga and other locations in Russia Tsivilev replied that the topic is "being discussed" at the moment but provided no further details.

Silk Road Fund and China National Offshore Oil Corporation are both involved in the Arctic LNG 2 Project.

Russia has welcomed the idea of Chinese companies taking part in the construction of a LNG plant and gas chemical complex at Ust-Luga.

Vladimir Putin, Russian president, told Chinese President Xi Jinping during a meeting held in Moscow that Russia and China would sign a number of documents on Thursday. This included an updated investment accord.

Xi has been in Moscow this week to commemorate the 80th anniversary since the Soviet Union, its allies and the United States defeated Nazi Germany during World War II. (Reporting and editing by Alexander Marrow, David Evans, and Maxim Rodionov)

(source: Reuters)