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Rosneft will invest 1 billion rubles in Sakhalin’s power industry

In the coming years, Rosneft will allocate about 1 billion rubles for the development of the Sakhalin Oblast power industry.

Yesterday, within the framework of the St. Petersburg International Economic Forum, an agreement on cooperation in the field of energy was signed between the Government of the Sakhalin Region and OAO NK Rosneft. The document was signed by Governor Alexander Khoroshavin and the head of the oil and gas company Igor Sechin.

As Alexander Khoroshavin noted, the funds provided for by the agreement will be invested in the development of the Sakhalin energy system in order to increase its reliability.

He added that every year an oil and gas company sends about 200 million rubles to social projects in the region.

According to Alexander Khoroshavin, the Sakhalin Oblast government and Rosneft are strategic partners and a new stage of cooperation has begun. Rosneft has begun development of promising offshore fields, such as Severnoye Chayvo, and is considering the construction of Russia's second LNG plant on Sakhalin. The commissioning of hydrocarbon fields and the opening of a new production for liquefaction of natural gas, the governor noted, along with advanced technologies will give the region new jobs and taxes, a powerful additional impetus for the further development of the island economy, the governor's press service reports.

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