Russia: Sakhalin LNG Exports Climb 3 Percent YoY

The Sakhalin Energy company, operating one of the world’s largest integrated oil and gas projects Sakhalin-2, has produced 10.9 million tonnes of liquefied natural gas (equivalent to 15 bcm of natural gas) in 2012.

This figure is nearly 14% higher than the initial nominal capacity (9.6 million tons) of Russia’s first LNG plant in Sakhalin. This was made possible by the improvement of production through efficiency program launched since the commissioning of the plant in February 2009.

LNG supplies from “Sakhalin-2” project total about 4.5% of the global liquefied natural gas market.

In 2012, annual LNG export volumes of Sakhalin Energy increased by 3% yoy. In 2011, exports amounted to 10.6 million tonnes.

Sakhalin Energy shareholders are Gazprom (50%), Shell (27.5%), Mitsui (12.5%) and Mitsubishi (10%).

[mappress]

LNG World News Staff, February 12, 2013; Image: Gazprom