MOSCOW, June 21 (Xinhuanet) -- Russianm President Vladimir Putin said in and after talks Tuesday with his Mexican counterpart, Vicente Fox, that Russia will supply liquefied natural gas to Mexico and cooperation between the two countries on energy is promising.
"A number of serious projects in the economic sphere
are underway, including in power generation," Putin said at the start of talks
with Fox, the Itar-Tass news agency reported.
"It is pleasant to note that liquefied natural gas
(LNG) from Sakhalin will be supplied to the Mexican coast, part of which
willremain there," Putin told Fox.
The Sakhalin-2 project has reserves of some 150
million tons ofoil and 500 billion cubic meters of gas. Russia announced plans
inOctober to ship 37 million metric tons of LNG to a terminal in Mexico over the
20 years starting 2008 as part of a project to channel Russian LNG to the United
Fox arrived in Moscow Monday for a three-day visit to
Russia, during which he held talks with Putin on issues including energy
cooperation and Russia's bid to join the World Trade Organization (WTO).
Following their talks, Putin told a joint press
conference withFox that energy cooperation is not limited to joint extraction of
raw materials and that ample opportunities exist in broadening cooperation with
Mexico in the nuclear energy sector.
"Hydrocarbons are an extremely important aspect of
cooperation,but we are also cooperating in power generation, in particular
energy equipment," the Russian president said.
"Nuclear fuel is already being supplied to the
Mexican nuclear power plants," Putin said.
Fox said Russia is also interested in conducting
deep-sea drilling operations in the Gulf of Mexico.
At the joint press conference, Putin also announced
the completion of Russian-Mexican talks on the conditions of Russia's accession
to the WTO.
"This is an important signal on the way of Russia's
accession to the WTO, and a positive signal for trade and economic relations,"
Putin said. Enditem