Gazprom, Shell talk Sakhalin third LNG train

Gazprom’s Alexey Miller, and Ben van Beurden, Chief Executive Officer of Shell met in Vladivostok where they discussed a variety of issues of the strategic cooperation development.

During the meeting, particular attention was given to the project for constructing the third LNG train within the Sakhalin II project as well as the asset swap deal-related issues, Gazprom said in a statement.

Within the signed agreement of strategic cooperation a decision was made to form a joint coordination committee for reviewing a whole range of issues on the priority lines of activity, according to the statement.

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 (12.5 per cent) and Mitsubishi (10 per cent).

On June 18, Gazprom and Shell signed a memorandum on implementing the project for constructing the third train at the LNG plant within Sakhalin II.

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