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Russia to begin liquefied gas shipments to Mexico

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MOSCOW, June 22 (RIA Novosti) - The Russian ship-operating giant Sovkomflot is planning to start shipments of liquefied natural gas to Mexico in late 2007 or early 2008, Deputy chief executive Alexander Krasnenkov told RIA Novosti today.

"We are having two vessels built in Japan for the delivery of liquefied natural gas to Mexico, and we plan to carry out the first shipments in 2007," Krasnenkov said.

Russian President Vladimir Putin yesterday told his Mexican counterpart, Vicente Fox, that Russia would soon supply Mexico with liquefied gas from Sakhalin. "We are putting together a number of ambitious economic projects, including in the power industry," the Russian leader said. He added that he was pleased liquefied gas from Sakhalin would be supplied to the Mexican coast, and that some of it would be offered to the country.

Krasnenkov said Sovkomflot had been awarded the contract for the shipment of liquefied natural gas to Mexico in partnership with a shipping line operating in Russia's Far East.

Sovkomflot is one of Russia's largest ship operators, with a fleet of 47 vessels, whose deadweight capacity totals some 3.6 million metric tons. It is 100% state-owned.

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