Gazprom and Mitsui address prospects for Sakhalin II extension
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Tatsuo Yasunaga, President and CEO of Mitsui.
The parties addressed the prospects for cooperation, placing an emphasis on the construction of the third process train within the Sakhalin II project extension.
Japanese company Mitsui & Co., Ltd (Mitsui) deals with development, marketing, distribution and treatment of all types of energy sources in Japan and overseas, as well as financial activities.
As part of Sakhalin II, Russia’s first LNG plant with the annual capacity of 9.6 million tons of LNG was commissioned in 2009. Sakhalin Energy is the Sakhalin II project operator with the ownership distributed among Gazprom (50 per cent plus one share), Shell (27.5 per cent less one share), Mitsui (12.5 per cent) and Mitsubishi (10 per cent). The plant produced 10.7 million tons of LNG in 2014.
On June 18, 2015 Gazprom and Shell signed the Memorandum on implementing the project for constructing the third process train at the LNG plant within Sakhalin II.