Japanese Firms Show Interest in 3rd Stage of Russia's Sakhalin-2 LNG Project

© Sputnik / Alexander Demyanchuk / Go to the photo bankThe chief executive officer of Shell concern Ben van Berden (at the left) and the chairman of the board, the vice-chairman of board of directors of JSC Gazprom Alexey Miller after signing of the memorandum - a road map about the third technological line of the Sakhalin-2 project
The chief executive officer of Shell concern Ben van Berden (at the left) and the chairman of the board, the vice-chairman of board of directors of JSC Gazprom Alexey Miller after signing of the memorandum - a road map about the third technological line of the Sakhalin-2 project - Sputnik International
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Japanese companies are interested in financing the construction of the third phase of the Sakhalin-2 project, as well as in the purchase of liquefied natural gas from this project, Russian Energy Minister Alexander Novak said Friday.

The flare system at Russia's first liquefied natural gas (LNG) plant (the Sakhalin II project), built by Sakhalin Energy Investment Company Ltd. in the village of Prigorodnoye in southern Sakhalin. - Sputnik International
Gazprom Discusses Expansion of Sakhalin-2 LNG Project With Japan's Mitsui
MOSCOW (Sputnik) — The Sakhalin-2 project is the first and currently the only LNG plant in Russia. Sakhalin Energy is the operator of the project. Gazprom owns about 50 percent of Sakhalin-2 shares, while Anglo-Dutch Shell owns over 27 percent.

"The expansion of this project is planned, the construction of the third phase. Japanese partners have confirmed interest in the purchase of liquefied natural gas from this project, and in the possibility of financing the project and participating in construction," Novak said in an interview with Rossiya-24 television.

"When the decisions on Sakhalin-2 are finally adopted, I think the Japanese partners will participate in this," the minister added.

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