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Bloomberg: Sakhalin Energy Will Import Alaska LNG Cargo for Plant Start Up

By Christian Schmollinger

Sept. 4 (Bloomberg) — OAO Gazprom’s Sakhalin Energy project will import a cargo of liquefied natural gas from Alaska to aid in starting up the facility, said chief executive Ian Craig.

Tokyo Gas Co. and Tokyo Electric Power Co., customers of the Sakhalin-2 project, will provide the cargo to help top up storage tanks at the LNG export terminal before operations begin next year, Craig said today in a speech at the Sakhalin Oil and Gas Conference in Yuzhno-Sakhalinsk.

Sakhalin Energy will use the gas to test components of the 9.6 million tons-a-year export facility. The company in July imported a LNG cargo from Indonesia for the same purpose.

The shipment will arrive in October, said Ivan Chernyakhovsky, a spokesman for the company.

Sakhalin Energy is also in the final stages of creating a joint venture with Sovcomflot OAO, Russia’s largest shipping company, to operate the LNG terminal’s port facilities, said Craig.

OAO Gazprom, Russia’s state-controlled gas company, paid $7.45 billion in April to original operator Royal Dutch Shell Plc and partners Mitsui & Co. and Mitsubishi Corp. to acquire 50 percent plus one share of the Sakhalin-2 project, following months of threats by Russian environmental inspectors last year to halt its development.

To contact the reporter on this story: Christian Schmollinger in Yuzhno-Sakhalinsk at [email protected]

Last Updated: September 3, 2007 22:30 EDT

 

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