Gazprom, Shell Discuss Cooperation (Russia)

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Peter Voser, Chief Executive Officer of Royal Dutch Shell.

The parties discussed the issues of bilateral cooperation as part of the Sakhalin II project.

They also addressed the joint efforts of Gazprom and Shell within the Protocol on Strategic Global Cooperation and highlighted the companies’ success in the global energy market.

In 2007 Gazprom and the shareholders of Sakhalin Energy (Royal Dutch Shell, Mitsui & Co., and Mitsubishi Corporation), the Sakhalin II project operator, signed the Purchase and Sale Agreement under which Gazprom acquired a stake of 50 per cent plus one share in Sakhalin Energy.

As part of the project, Russia’s first LNG plant was commissioned in early 2009 paving the way for Russian LNG exports to foreign consumers.

In 2010 the plant reached the design capacity of 9.6 million tons per annum.

[mappress]
LNG World News Staff, January 20, 2012