7 Apr '09
Sakhalin Energy, the Sakhalin-2 project operator, intends to export 55 batches of liquefied natural gas under the project in 2009, Chris Finlayson, head of the concern in Russia, said today.
Russia’s first liquefied natural gas factory was launched on Sakhalin in February 2009. Its capacity is 9.6 million tons of liquefied gas a year.
The Sakhalin-2 project is being carried out under a production-sharing agreement signed between investors and the RF in 1994.
Sakhalin Energy’s shareholders are Gazprom (50% plus one share), Royal Dutch/Shell (27.5%), and Japan’s Mitsui (12.5%) and Mitsubishi (10%).
Sakhalin-2’s total worth is reportedly about $20bn.
Under the project, the Piltun-Astokhskoye and Lunskoye oil fields are being developed. Their recoverable reserves are reportedly estimated at 150 million tons of oil and 500 billion cubic-meters of natural gas.