RUSSKY ISLAND (Sputnik) — Russia is ready to develop sea port infrastructure with Japan to supply liquefied natural gas (LNG) to the country, if needed, Russian President Vladimir Putin said on Friday.
"As for port capacities of the Far East, you know that 70 percent of the total LNG output produced on Sakhalin… is exported to the Japanese market. We are aware of Japan's needs, we understand the problems related to nuclear power, we are ready for cooperation, including developments projects, if required, to promote sea ports facilities, because LNG transportation has its specific aspects and requires additional investment," Putin said, as he met with investors at the Eastern Economic Forum (EEF).
The EEF kicked off earlier in the day on Russky Island, near the eastern Russian city of Vladivostok. The forum, which is due to run through Saturday, is expected to attract some 2,500 participants, from countries including China, Japan, South Korea, India, Vietnam, Australia, the United States and Singapore.