Sakhalin Energy tops 2017 Environmental Responsibility Rating of Oil & Gas Companies in Russia
PR and Media Relations Service, Sakhalin Energy Investment Company Ltd.
Moscow hosted yesterday a rating results presentation ceremony within the Common Sense project.
For the second consecutive year, Sakhalin Energy topped the Environmental Responsibility Rating of Oil & Gas Companies, achieving high results in three sections: Environmental Management, Environmental Impact, and Disclosure / Transparency.
The project is implemented by CREON Group and the World Wildlife Fund (WWF) with the involvement of the Ministry of Natural Resources and Environment of the Russian Federation and the Ministry of Energy of the Russian Federation. The rating was calculated by the National Rating Agency. The top three also included Exxon Neftegaz Limited and Surgutneftegaz.
The environmental rating has been compiled since 2014 in order to receive objective and comparable information on the environmental impact caused by Russian oil and gas companies. The calculation of the rating is traditionally performed using only publicly available information. Therefore, its accessibility, disclosure completeness and accuracy are crucial factors influencing the rating points of companies.
The event was held as part of the Year of Ecology in Russia, which is aimed at drawing the companies’ attention to the issues of national environmental development, biodiversity preservation and environmental safety assurance.
Environmental impact management by Sakhalin Energy is presented in its annual sustainable development reports and corporate website: www.sakhalinenergy.ru.
Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) is the operator of Sakhalin II, one of the world’s largest integrated oil and gas projects with massive oil and gas infrastructure for hydrocarbon production, transportation and processing. The company markets oil extracted from the deposits located in the Sea of Okhotsk and LNG produced at Russia’s first LNG plant built by Sakhalin Energy in the southern part of Sakhalin Island.
The project’s infrastructure includes three offshore ice-resistant platforms, the Trans-Sakhalin pipeline system encompassing 300 kilometers of offshore pipelines, an onshore gas pipeline and an onshore oil pipeline (each 800 kilometers long), an onshore processing facility, an oil export terminal, and Russia’s first (and so far the only) LNG plant accounting for over 4 per cent of the global LNG output.
The main buyers of oil and LNG produced by Sakhalin Energy are Asia-Pacific countries. At present, the company exports oil to China, Japan, South Korea, Indonesia, the United States, the Philippines, and Taiwan. The main LNG buyers are Japanese, South Korean and Chinese energy companies.
The company’s shareholders are Gazprom (50 per cent plus one share), Royal Dutch Shell (27.5 per cent minus one share), Mitsui and Co. (12.5 per cent), and Mitsubishi Corporation (10 per cent).