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Far East risks
Rostislav TurovskyDoctor of Political Sciences, Professor of HSE, Scientific Editor East Russia
On the American side, the most important player in the Far East is such a global scale giant as ExxonMobil. Together with Rosneft, she actually manages the Sakhalin-1 project, where the Americans own 30%, and Rosneft owns 20% (30% is controlled by the Japanese company SODECO, 20% by the Indian ONGC). The Sakhalin-1 project is considered the largest oil and gas project in Russia in terms of foreign investment. PSA on it was signed in the distant 1996-th year, but the real work began much later. Nevertheless, the project is already working in full force and has good prospects, albeit for a number of reasons (not related to sanctions). As stated on its official website Exxon Mobil, this project gave the Russian budget system 3,8 billion dollars, including. 1,3 billion dollars - to the budget of the Sakhalin region. In addition to oil exports, Sakhalin-1 provides gas supply to the Khabarovsk Territory, directing natural gas to the pipeline stretching from Sakhalin to Primorye.
In addition, the Americans are quite active in financing infrastructure and social projects in Sakhalin and the Khabarovsk Territory. So, according to their data, investments in infrastructure amounted to more than 220 million dollars. Recently, cooperation with the Sakhalin State University has been confirmed, and this is only one of a number of socially significant projects of the company.
Therefore, for Sakhalin-1, confidence in the prospects of the project from its co-owners is extremely important. The 2014 year should be the year of the second phase of the project in connection with the upcoming launch of the third and last Arkutun-Dagi oil field, as well as the expansion of gas production to Chayvo. Of particular importance is the construction of a plant for the production of liquefied natural gas in the framework of the Far Eastern LNG project. It was assumed that the first stage of the plant, under which the site was already selected on Sakhalin, would start working with 2018, producing about 5 million tons of LNG per year. But the implementation of the project is complicated by friction with Gazprom, which is promoting its projects - expansion of production at the existing plant within the Sakhalin-2 project and the construction of a new plant in Primorsky Krai. As a result, to date, it is not clear whether the Far Eastern LNG project will be implemented, in spite of all I.Sechin's lobbying efforts.
Another interest of Exxon Mobil to work in Russia and cooperation with Rosneft arose as the implementation of the agreement on strategic cooperation of the parties signed in 2011. In February 2013, a new project appeared - two companies intend to participate in the exploration of seven Arctic sites, three of which are located on the shelf of the Chukchi Sea, - North-Wrangel-1, North-Wrangel-2 and South Chukchi.
The full text of R.Turovsky "The Far East and the West: What Sanctions Cause" read 9.06.2014 in the "Regions" rubric.