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Sakhalin Energy’s 2011 Sales Rose by $1 Billion, Vedomosti Says

By Yuliya Fedorinova – Feb 8, 2012 4:53 AM GMT

Sakhalin Energy, Russia’s liquefied natural-gas producer, increased its revenue by $1 billion last year after raising prices, Vedomosti reported today, citing Chief Executive Officer Andrey Galayev.

The project may break even as soon as this spring rather than in 2013 or 2014, as initially planned, Galayev told the Moscow-based newspaper.

OAO Gazprom has a 50 percent stake in Sakhalin Energy.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at [email protected]

To contact the editor responsible for this story: John Viljoen at [email protected]




Shell $22 billion Sakhalin-2 Project devastated by insider leaks: 10 July 2007

Sakhalin Pep Talk From ‘Old Blood and Guts’: By Max Delany, Moscow Times 9/6/07

(Extract: Greer’s memo, which was leaked to an anti-Shell web site,, appears to show the pressure that he and his fellow managers have been under, as it talks of “the risk of becoming a team that doesn’t want to fight and lacks confidence in its own ability.”)

David Greer, Deputy CEO of Sakhalin Energy resigns in disgrace: 21 June 2007

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