Gazprom and Shell held a working meeting at Gazprom's headquarters, in which the two parties reconfirmed a high potential of Sakhalin II LNG project to build up LNG production based on their current and future cooperation, despite the sanctions being taken by western world countries against Russia for the turmoil in Ukraine. |
The two companies already agreed in February 2014 that they would establish a schedule for the front-end engineering design (FEED) of Train 3. Other parties participating and their holding interests in the project are Mitsui & Co., Ltd. (12.5%), Mitsubishi Corporation (10%), besides Gazprom (50% plus one share) and Shell (27.5% minus one share). Approximately 10.80 million tonnes of LNG were produced at Sakhalin II in 2013, of which 82% was shipped to Japan and 18% was to Korea.