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Japanese economy minister to focus on investment cooperation during visit to Russia

December 20, 2013, 16:20 UTC+3 TOKYO
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TOKYO, December 20. /ITAR-TASS/. Japanese Minister of Economy, Trade and Industry Toshimitsu Motegi will discuss investment cooperation and joint energy projects with Russian officials during his working visit to Moscow on December 26, the Ministry’s officials said on December 19.

Motegi is expected to hold talks with Russian Energy Minister Alexander Novak, Economic Development Minister Alexei Ulyukayev and Far East Development Minister Alexander Galushka. According to the officials, the Japanese side plans to sign a set of investment agreements with Russia.

Japan will also seek a cut of prices for energy resources imported from Russia, in particular for liquefied natural gas (LNG). LNG imports from Russia have become increasingly important for Japan, one of the biggest LNG buyers, in recent years. LNG makes up about nine percent of Japan’s annual gas imports.

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