Gazprom, JBIC talk investment in Sakhalin II’s third LNG train

Japan Bank for International Cooperation could finance the third liquefaction train at Russia’s only LNG export facility, the Sakhalin II. 

The options were discussed during a meeting between Gazprom’s head Alexey Miller and Tadashi Maeda, CEO and executive managing director, Gazprom said in a statement.

In addition, JBIC could invest in the Amur gas processing facility the statement reads.

JBIC has previously participated in financing the Blue Stream as well as the Sakhalin II project.

Sakhalin II is operated by Sakhalin Energy, a company owned by Gazprom (50 percent plus one share), Shell (27.5 percent minus one share), Mitsui (12.5 percent) and Mitsubishi (10 percent).

In 2015, the plant produced 10.8 million tons of LNG, exceeding the design capacity by 1.2 million tons

A memorandum of understanding has been signed between Gazprom and Shell in June, to implement the construction project for the third train.

Gazprom adds that currently the development of the FEED documents for the third liquefaction train is nearing completion.