Gazprom, Shell May Expand Venture

 

The Moscow Times » Issue 4137 » Business

30 April 2009

Bloomberg

Royal Dutch Shell said it is examining plans with Gazprom to expand Sakhalin projects beyond their liquefied natural gas venture in the Far East. 

The partners plan “to look for further opportunities in the Sakhalin area, and we are working on that,” chief financial officer Peter Voser said Wednesday on a conference call. The Sakhalin project is going well and will be increasing capacity until at least 2010, he said. 

Gazprom bought control in 2007 of Sakhalin Energy Investment, the Sakhalin-2 venture operator. The project partners loaded Russia’s first commercial cargo of LNG for Japan in March. 

The project will have peak production of 395,000 barrels of oil equivalent a day, Shell said today in a statement. 

Gazprom is considering Shell as a potential partner for the Sakhalin-3 project, said Stanislav Tsygankov, head of the company’s foreign relations department, RIA-Novosti reported this month.

MOSCOW TIMES ARTICLE

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, the Independent Shell Archive, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All conjured up by internet wizz, Nick Gill.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.