On meeting of Coordinating Committee for Gazprom's participation in Sakhalin oil and gas projects
Today, Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee has convened at the Company’s Headquarters the 1st meeting of the Coordinating Committee for Gazprom’s Participation in Sakhalin Oil & Gas Projects.
The Coordinating Committee was set up in pursuance of the January 30, 2007 Order of the Gazprom Management Committee Chairman Alexey Miller to implement the Gazprom Sakhalin Island Offshore Development Strategy endorsed by the Board of Directors in 2006. Along with other responsibilities, the Coordinating Committee will coordinate Gazprom’s joining Sakhalin Energy Investment Company Ltd. as its main shareholder.
Being the most explored area in the Far Eastern Seas, the Sakhalin Island offshore has seen the discovery of 9 hydrocarbon fields with the aggregate gas, oil and condensate reserves making up 1.2 tcm, 394.4 mln t and 88.5 mln t, respectively. The prospective hydrocarbon resources in Sakhalin’s offshore exceed 6 btce.
The draft Development Program for an Integrated Gas Production, Transmission and Supply Network, with the Account of Possible Gas Exports to China and other Asia Pacific Countries prioritizes establishing on Sakhalin a prominent gas extraction province to be oriented towards gas supply to consumers in the Russian Far East and gas export to promising markets in Northeast Asia.
On December 21, 2006, OAO Gazprom, Royal Dutch Shell plc, Mitsui & Co., Ltd. (Mitsui) and Mitsubishi Corporation signed the Protocol on Gazprom’s joining Sakhalin Energy Investment Company Ltd. (Sakhalin-2 project operator) as the main shareholder.
Information Directorate, OAO Gazprom