Gazprom, Shell discuss Sakhalin II expansion
Preparation of the design and front-end engineering design (FEED) documentation for Sakhalin II project’s third liquefaction train are nearing completion.
The progress was noted during a meeting between Gazprom’s head Alexey Miller and Shell’s CEO Ben van Beurden, during which the partnership in the energy sector between the two companies was discussed, a statement by Gazprom says.
The two leaders discussed possible new projects under the agreement of strategic cooperation signed by the two companies in 2015.
Under the agreement, Gazprom and Shell expanded the joint project portfolio, including a potential asset swap.
Besides the Sakhalin II project expansion, Gazprom and Shell have in June agreed to cooperate on the Baltic LNG project that would have a liquefaction capacity of 10 million tons per year and would be located in the port of Ust-Luga in the region of Leningrad.