Gazprom & Shell Agree to Design 3rd Train of Sakhalin-2 LNG plant

Source: www.gulfoilandgas.com 12/23/2013, Location: Asia

The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Peter Voser, Chief Executive Officer of Shell. Taking part in the meeting was also Ben van Beurden who will be Chief Executive Officer of Shell from January 1, 2014.

The parties discussed the current state of and the development prospects for the strategic cooperation in the Russian and international oil and gas markets. A focus was placed on promoting the joint activities in the areas of geological exploration, oil and gas production, processing and sales as well as LNG production.

The parties also addressed the prospects for the Sakhalin II project expansion and agreed to advise Sakhalin Energy to submit for consideration of the company's Board of Directors and Supervisory Board the issue of moving over to preparing FEED documents for the construction project of the third LNG process train in Prigorodnoye settlement, Sakhalin Island.

The parties resolved to get ready for signing a detailed Road Map for the abovementioned FEED documents in February 2014.

Shell is a British-Dutch oil and gas company focused on hydrocarbons production, processing and marketing in over 90 countries worldwide.

Sakhalin Energy is the Sakhalin II project operator. The company's shareholders are Gazprom holding 50 per cent plus one share, Shell – 27.5 per cent minus one share, Mitsui & Co. – 12.5 per cent and Mitsubishi Corporation – 10 per cent.

As part of the project, in early 2009 Russia's first LNG plant was commissioned and Russian LNG supplies to foreign consumers started. In 2010 the plant reached its design capacity of 9.6 million tons per annum.

In 2013 a total of 9.75 tons of LNG and 4.86 tons of oil were produced within the Sakhalin II project.

For more information about related Opportunities and Key Players visit Caspian Region Projects


Canada >>  8/10/2022 - FortisBC Holdings Inc. (“FortisBC”) and Musqueam Indian Band (“Musqueam”) are announcing the signing of an agreement, which will result in the parties...
Congo >>  8/5/2022 - Eni informs that it has acquired the company Export LNG Ltd, which owns the Tango FLNG floating liquefaction facility, from Exmar group. The facility ...

France >>  8/3/2022 - Alternative data specialist QuantCube Technology announced the availability of the QuantCube Liquefied Natural Gas (LNG) Commodity Trade Indicator. By...
Canada >>  7/29/2022 - Pacific Energy Corporation Limited (Pacific Energy) and Enbridge Inc. (Enbridge or the Company) announced an agreement to jointly invest in the constr...

Italy >>  7/25/2022 - - The aim is to leverage on infrastructure and know-how of both companies, thereby contributing to decarbonisation of transport and off-grid users
United States >>  7/23/2022 - ION Commodities, the global leader in Energy and Commodity management solutions, is delighted that Golden Pass LNG, owned by affiliates of QatarEnergy...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.