Gazprom, Shell discuss LNG cooperation

Gazprom, Shell discuss LNG cooperation
Image courtesy of Sakhalin Energy

Gazprom’s head, Alexey Miller on Monday met with Shell’s Maarten Wetselaar to discuss collaboration between the two companies under the cooperation agreement signed in 2015. 

The two companies have already joined forces in the Sakhalin II project, which includes Russia’s only active LNG plant.

Gazprom holds 50 percent plus one share in Sakhalin Energy, the operator of the LNG facility, while Shell owns a 27.5 percent minus one share.  Mitsui – 12.5

The remaining stake is held by Mitsui and Mitsubishi with 12.5 percent, and 10 percent stake each.

In 2015, Gazprom and Shell signed the memorandum to construct the third production train of the LNG plant, as well as the agreement of strategic cooperation providing for the expansion of the companies’ joint project portfolio, including a potential asset swap.

In June 2016, Gazprom and Shell signed the MoU to cooperate on the Baltic LNG project.

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