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Thursday, June 18, 2015

Gazprom, Shell agree to expand Sakhalin-2 project

Gazprom, Shell agree to expand Sakhalin-2 project

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Screen Shot 2015-06-18 at 22.09.48Gazprom, Shell agree to expand Sakhalin-2 project

Thu Jun 18, 2015
(Reuters) – Russian gas producer Gazprom and Royal Dutch Shell have signed an agreement to expand the Sakhalin-2 LNG project, Gazprom said in a statement on Thursday.
The Sakhalin-2 project, Russia’s sole LNG plant, has a current annual capacity of around 10 million tonnes. The third line would add another 5 million tonnes of liquefied natural gas a year.
Officials from both companies signed the agreement at an economic forum in Russia’s second city of St Petersburg on Thursday, but gave no specific timing.

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