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  5. Mr. Seko, Minister of Economy, Trade and Industry and Minister for Economic Cooperation with Russia, Visits the Russian Federation

Mr. Seko, Minister of Economy, Trade and Industry and Minister for Economic Cooperation with Russia, Visits the Russian Federation

September 6, 2019

From September 4 (Wed.) to 6 (Fri.), 2019, Mr. Hiroshige Seko, Minister of Economy, Trade and Industry and Minister for Economic Cooperation with Russia, visited Vladivostok, the Russian Federation. He attended a Japan-India Summit Meeting, a Japan-Russia Summit Meeting, a Japan-Russia Business Round-Table meeting, a Ceremony for Final Investment Decision for the Arctic LNG 2 Project, and other events. Following this, he held meetings each with H.E. Mr. Maksim Oreshkin, Minister of Economic Development and Special Representative for Trade and Economic Cooperation with Japan, H.E. Mr. Alexander Valentinovich Novak, Minister of Energy, H.E. Mr. Nikolaev Ajsen Sergeevich, Head, the Republic of Sakha, and other officials of Russia.

(1) Attending a Japan-Russia Business Round-Table meeting (September 5)

Together with Minister Oreshkin and other officials, Minister Seko attended a Japan-Russia Business Round-Table meeting, organized by the Japan Association for Trade with Russia and NIS and the Russian-Japanese Business Council, under the subject of “New Development of the Far East Region Brought about by Marine and Inland Main Arteries.” At the beginning of the meeting, Minister Seko delivered a speech and stated potentials in development of new businesses in the Far East region, which may be brought about by changes such as development of the Northern Sea Route and encouragement of businesses to make use of the Trans-Siberian Railway, as well as other issues.

(2) Meeting with Minister Oreshkin (September 5)

Prior to the Japan-Russia Summit Meeting held on the same date, the two sides confirmed the progress in the eight-point cooperation plan and held discussions on challenges that individual projects are facing and other issues. Moreover, they exchanged the Memorandum of Cooperation in the High-tech Fields related to the Fourth Industrial Revolution and the Memorandum of Understanding on the establishment of a model industrial factory in Russian Federation in the field of productivity improvement, both of which they had already concluded on the same date. Following this, witnessed by both ministers, Saibu Gas Co, Ltd. and Novatek exchanged the Basic Agreement for Inauguration of Discussions toward the Establishment of a Joint Stock Company, which the companies had already concluded.

(3) Attending the Ceremony for Final Investment Decision for the Arctic LNG 2 Project (September 5)

Together with Minister Novak, Minister Seko attended a Ceremony for Celebrating the Final Investment Decision for the Arctic LNG 2 Project, an initiative in which Mitsui & Co., Ltd. and the Japan Oil, Gas and Metals National Corporation (JOGMEC) have jointly invested and participated. In his speech, Minister Seko stated that the project is a symbolic case representing Japan-Russia cooperation and also a very significant initiative that cultivates the Northern Sea Route, a new route for LNG supply, and permits businesses to access the Asian markets.

(4) Bilateral meeting with Minister Novak (September 5)

Minister Seko and Minister Novak expressed their gratitude to each other for the advancement of Japan-Russia cooperation in the field of energy at an incredible speed, confirmed the progress in the specific cooperation projects in the fields of hydrocarbon, nuclear energy and renewable energy and energy efficiency, and agreed on the future promotion of the cooperation.

(5) Participating in the signing ceremony for concluding a contract for Provision of CMT Service for Ethylene Cracker Unit and Polyethylene Unit of Gas Chemical Complex (September 5)

Together with Minister Novak, Minister Seko attended a signing ceremony for concluding a contract on construction management support services involving an ethylene and polyethylene plant in Ust-Kut, Irkutsk, between an affiliate of Toyo Engineering Corporation and a subsidiary of Irkutsk Oil Company, and they welcomed the conclusion of the contract.

(6) Meeting with Head Nikolaev (September 5)

The two sides exchanged views on the ongoing projects in the Republic of Sakha related to the fields of energy, infrastructure and agriculture and confirmed the advancement of collaboration toward the further consolidation of Japan-Sakha economic ties.

Division in Charge

Russia, Central Asia and Caucasus Office, Europe Division, Trade Policy Bureau

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