Gazprom, Shell Discuss Cooperation in Sakhalin-2 Project

© Sputnik / Maksim Blinov / Go to the mediabankGazprom building in Moscow
Gazprom building in Moscow - Sputnik International
Russian energy company Gazprom and British-Dutch Royal Dutch Shell discussed prospects for cooperation in the Sakhalin-2 oil and gas development project, Gazprom’s press service announced Wednesday.

Gazprom building in Moscow - Sputnik International
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“The sides discussed the prospects of cooperation in the oil and gas sector, the situation on the European gas market and the liquefied natural gas market, as well as the current issues and prospects of development of cooperation in the Sakhalin-2 project,” a Gazprom statement said.

The Sakhalin-2 field, located in Russia's eastern island of Sakhalin, is operated by Sakhalin Energy, in which Gazprom holds a 50 percent plus one share and Shell a 27.5 percent minus one share. The field includes the first liquefied natural gas plant in Russia.

In May, Gazprom stated it planned to maintain the level of gas extraction at the Sakhalin-2 field at 16 to 17 billion cubic meters in 2015.

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