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Sakhalin resources enough for its LNG projects — minister

May 28, 2014, 19:37 UTC+3 MOSCOW
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MOSCOW, May 28. /ITAR-TASS/. Offshore resources near the Sakhalin Island are sufficient for all liquefied gas projects on its territory, Sergei Donskoy, Minister of Natural Resources and Environment, told journalists.

New resources could be discovered, he said.

Russian oil giant Rosneft and US ExxonMobil are planning a joint venture and expansion of capacity at the existing LNG plant under the Sakhalin-2 project.

Sakhalin-2 is the only LNG project on the Russian territory developing Piltun Astokhskoye and Lunskoye fields off Sakhalin’s shore, their extractable resources estimated at 150 million tons of oil and 500 billion cubic meters of gas.

Shareholders of the project’s operator Sakhalin Energy are Gazprom (50%), Royal Dutch Shell (27.5%), Japanese Mitsui (12.5%) and Mitsubishi (10%).

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