Reuters: Exxon, Rosneft to build LNG plant with Japanese, Indian partners
Seeking Alpha
Published Oct 23, 2018 10:53AM ET
Reuters: Exxon, Rosneft to build LNG plant with Japanese, Indian partners
- Exxon Mobil (XOM -2.2%) and Russia's Rosneft (OTCPK:RNFTF) plan to build a $15B liquefied natural gas plant in a consortium with Indian and Japanese partners, Reuters reports.
- The four companies - XOM, Rosneft, Japan’s SODECO and India’s ONGC Videsh - are partners in the Sakhalin-1 group of fields that would supply the gas, but XOM and Rosneft initially had planned to build the LNG plant without the other consortium members.
- As well as spreading the costs among more stakeholders, the broader involvement of the participants may mitigate sanctions risk, according to the report.
- Now read: Royal Dutch Shell (LON:RDSa) Delivering On Its Promises
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