As reported by Reuters, Russia’s energy major Rosneft and US ExxonMobil intend to develop a liquefied natural gas plant (LNG) in a consortium with Indian and Japanese associates. Therefore, the companies will pay the supposed $15 billion cost by installments.

The liquefied natural gas plant project will come up in a partnership with Japan’s SODECO and India’s ONGC-Videsh.

The gas for the facility will be drawn from the Sakhalin-1 fields. All of the four companies partner up in it. However, Rosneft and Exxon had beforehand planned to build the facility together.

As told by the report, broader involvement would not only help to spread the US$15 billion costs but may also minimize sanctions risk.

Russia desperately intents on doubling its LNG market share up to 20 percent in the next ten years. As to liquefied natural gas plants, Russia holds Novatek’s Yamal LNG and Gazprom’s Sakhalin-2.