Gazprom and Mitsubishi address partnership development within Sakhalin II project
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Ken Kobayashi, President and CEO of Mitsubishi Corporation.
The parties addressed the partnership development within the Sakhalin II project as well as the construction of the third process train at the LNG plant.
Background
Mitsubishi Corporation (Japan) is engaged in manufacturing and sales of various products, including equipment, as well as fund raising, coordinating of projects and management consulting.
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.
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