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Icebreaker Stepan Makarov commences operations for Sakhalin II

Background

Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) is the operator of Sakhalin II, one of the world’s largest integrated oil and gas projects with massive oil and gas infrastructure for hydrocarbon productiontransportation and processing. The company markets oil extracted from the deposits located in the Sea of Okhotsk and LNG produced at Russia’s first LNG plant built by Sakhalin Energy in the southern part of Sakhalin Island.

The project’s infrastructure includes three offshore ice-resistant platforms, the Trans-Sakhalin pipeline system encompassing 300 kilometers of offshore pipelines, an onshore gas pipeline and an onshore oil pipeline (each 800 kilometers long), an onshore processing facility, an oil export terminal, and Russia’s first (and so far the only) LNG plant accounting for over 4 per cent of the global LNG output.

The main buyers of oil and LNG produced by Sakhalin Energy are Asia-Pacific countries. At present, the company exports oil to China, Japan, South Korea, Indonesia, the United States, the Philippines, and Taiwan. The main LNG buyers are Japanese, South Korean and Chinese energy companies.

The company’s shareholders are Gazprom (50 per cent plus one share), Royal Dutch Shell (27.5 per cent minus one share), Mitsui and Co. (12.5 per cent), and Mitsubishi Corporation (10 per cent).

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