According to Yahoo!Asia News :
MOSCOW, Jan 29 (Reuters) – The Russian energy ministry has assured Japan it will get liquefied natural gas (LNG) from Sakhalin island on time in 2008 after Russia’s Gazprom gained control of the scheme from Shell, the ministry said on Monday.
Royal Dutch Shell and its Japanese partners, Mitsui and Mitsubishi , agreed last year to sell control in the Sakhalin-2 project to gas export monopoly Gazprom for $7.45 billion after months of pressure from Russian environmental authorities.
The $22-billion project, one of the world’s biggest LNG developments, is due to supply the first LNG tanker to Japan in the third quarter of 2008 but its participants had said pressure from state officials could delay the plan.
The pressure quickly subsided after Gazprom took the leadership of the project.
The energy ministry issued the statement after a meeting in Moscow between Deputy Minister Andrei Dementyev and Japan’s Energy Director Harufumi Mochizuki.
“Andrei Dementyev has stressed that changes in the shareholding structure won’t affect implementation of the contracts and all LNG volumes would be delivered to customers in Japan strictly on time,” the statement said.
Sakhalin-2 has already presold most of its output of 9.6 million tonnes a year of LNG to customers in Japan, South Korea and the United States.
- Well, with Indonesia cutting the LNG exports to Japan by half by 2010…Russian might just be their major hope for their energy security.
See Also:
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