The Anglo-Dutch supermajor and the Russian giant said they are discussing "prospects" for their collaboration, "paying particular attention to the construction project for the third production train of the LNG plant on Sakhalin Island- Sakhalin-2"–currently the only plant of its kind in Russia.

During a meeting between Gazprom's chairman Alexey Miller and Shell's chief executive Ben van Beurden on Thursday, the plan materialised further as the bosses signed an MoU that will allow the companies to "explore the possibilities and prospects for building an LNG plant with an annual capacity of 10 million tonnes in the port of Ust-Luga, Leningrad region".

"Miller