MOSCOW. (Interfax) – Royal Dutch Shell, the main shareholder in the Sakhalin-2 project, will next week provide the Russian Industry Ministry with materials evaluating economic efficiency and a price analysis based on the forecast increase in project spending.
The ministry's PR center reported the news after Deputy Industry Minister Ivan Materov met with Shell Russia Chairman Chris Finlayson.
Sakhalin-2 funding issues were discussed at the meeting and it was decided that the project's supervisory council should meet. Materov proposed a meeting in Sakhalin in order to monitor the progress of the project. The meeting is due to be held at the end of March – beginning of April.
The upcoming meeting will cover liquefied natural gas sale contracts and assigning specialized port status to the terminal built within the Sakhalin-2 project. This is necessary to remove the border barriers companies face when exporting LNG.
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