Shell sets Sakhalin 2 date
Russia's Sakhalin 2 development should start exporting liquefied natural gas
shortly after construction work finishes late this year, project partner
Shell said today.
Sakhalin 2 is controlled by Russian gas export monopoly Gazprom, with
involvement by Shell, Mitsui and Mitsubishi .
"The Sakhalin Energy team are doing their utmost to complete the main
construction by the end of 2008. LNG exports are expected to start shortly
thereafter," Shell's chief financial officer Peter Voser said.
Gazprom last week said it expected LNG shipments from the project to start at
the beginning of 2009, later than initial expectations of an end-of-the-year
start.
The $22 billion venture had been led by Shell but the company agreed to sell
control to Gazprom after Russia's environmental watchdog threatened to strip
it of production licences for breaking environmental rules.
Voser was speaking on a conference call to discuss Shell's first-quarter
earnings.
29 April 2008 11:04 GMT
| last updated:
29 April 2008 11:04 GMT
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