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AFX News Limited: Sakhalin-2 construction more than 80 pct completed

06.12.07, 5:58 AM ET

YUZHNO-SAKHALINSK, Russia (Thomson Financial) – The construction of the engineering infrastructure of the Sakhalin-2 project have been completed by over 80 pct, Interfax reported, citing Hilary Mercer, the construction manager of the Sakhalin Energy.

‘The Sakhalin-2 project is approaching the completion of construction works and the beginning of the gas production and gas deliveries to Asian-Pacific markets. Export of liquefied natural gas will allow Sakhalin to become a strategic supplier in the energy market. The first batch of liquefied gas will be exported in about a year,’ she said.

Gazprom holds a controlling stake in Sakhalin-2, while Royal Dutch Shell PLC, Mitsui & Co Ltd and Mitsubishi Corp hold 27.5 pct, 12.5 pct and 10 pct, respectively.

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