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Sectoral sanctions do not threaten Sakhalin offshore projects — governor

October 03, 2014, 12:56 UTC+3 YUZHNO-SAKHALINSK
New Sakhalin continental shelf projects will be developed in the way they are planned, Governor of Russia’s Far Eastern Sakhalin region Alexander Khoroshavin says
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Oil platform mounted on Sakhalin's shelf in the framework of the Sakhalin-2 project

Oil platform mounted on Sakhalin's shelf in the framework of the Sakhalin-2 project

© ITAR-TASS/Oleg Savin

YUZHNO-SAKHALINSK, October 3. /TASS/. Sectoral sanctions that Western countries had imposed on Russia do not threaten continental shelf projects in Sakhalin, Governor of Russia’s Far Eastern Sakhalin region Alexander Khoroshavin told a news conference on Friday.

“Projects Sakhalin-1 and Sakhalin-2 were not sanctioned. We also should not be concerned about project Sakhalin-3, as companies from China and India are its participants, and they did not join anti-Russian sanctions,” the governor said, adding that he met with leaders of energy giants Shell and ExxonMobil.

“They say that they are very interested in projects Sakhalin-1 and Sakhalin-2, as the latter are among the best (projects) in portfolios of these companies. These projects bring profit to Russia and investors and they do not intend to wrap up their activity,” Khoroshavin noted.

He added that sectoral sanctions had mainly affected development of new deposits, delivery of some technologies, products and services to Russia for prospecting and extraction in the Arctic region and on shale gas fields outside Sakhalin.

New Sakhalin continental shelf projects “will be developed in the way they are planned,” the head of the region said.

The governor also dwelt on a meeting with former Japanese Prime Minister Yukio Hatoyama. “His (Hatoyama's) point of view is that this is senseless to speak with Russia from the position of force,” he said.

Khoroshavin said that he planned to meet chief executives of major Japanese companies in Tokyo in the near future to learn their position on further cooperation with the Sakhalin region.

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