Rosneft, GE to cooperate on LNG production

Moscow-based Rosneft informed that its unit Itera and General Electric signed an agreement of intent regarding natural gas processing cooperation.

The two companies agreed to evaluate opportunities for potential cooperation on natural gas processing using GE technology for low tonnage liquefied natural gas production, Rosneft revealed in a statement.

In particular, the agreement covers analysis of opportunities to cooperate on establishing LNG production at Bratskecogas assets, as well as potential joint work on deploying GE technology and equipment to boost the company’s efficiency and production capacity.

The development of infrastructure aimed at LNG production will open additional monetization channels for Rosneft’s significant gas reserves and will enable increased efficiency for Itera Oil and Gas consolidated assets, stands in the statement.

Image: Rosneft