ExxonMobil to reach Far East LNG FEED decision by year end
US energy giant ExxonMobil’s Russian unit could reach a decision on the front-end engineering design (FEED) on the Far East LNG project it is developing with Rosneft.
During a conference in Russia, Exxon Neftegaz’ vice president Alexander Popov said the decision could be reached this year, Reuters reports.
The Far East LNG project would also use gas from the Sakhalin-1 venture as a source to feed its proposed production target of 6 million tons of LNG per year.
According to Popov, talks are still ongoing regarding the potential of feeding the gas to the third liquefaction train proposed for the Sakhalin II export facility led by Gazprom.
LNG World News Staff