Alexey Miller of Gazprom and Shell’s CEO Ben van Beurden met in Milan on Wednesday where they discussed the status of Sakhalin II and the future collaboration within the project.
They also addressed the prospects for cooperation in the oil and gas sector, as well as the current situation in the LNG markets, according to a statement by Gazprom’s press office.
As part of Sakhalin II, Russia’s first LNG plant with the annual capacity of 9.6 million tons of LNG was commissioned in 2009.
Sakhalin Energy is the Sakhalin II project operator with the ownership distributed among Gazprom (50 per cent plus one share), Shell (27.5 per cent minus one share), Mitsui & Co. (12.5 per cent) and Mitsubishi (10 per cent).
In 2014, Gazprom and Shell signed the memorandum-roadmap to prepare FEED documents for the third LNG production train within the Sakhalin II project.