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Shell intends to expand the Sakhalin-2 oil and gas project

Royal Dutch Shell announced its intention to expand the Sakhalin-2 oil and gas project. Russian President Vladimir Putin, in turn, promised to provide the necessary support.

"I am pleased that the company has plans to expand its activities. Of course, we will provide the necessary administrative support and support, "the head of state said at a meeting with the Shell chief executive officer, Ben van Berden.

According to B. van Berden, now is a good time to expand “a very good, profitable project,” but for its successful implementation “serious support is required”.

Speaking about the project on Sakhalin, B. van Burden noted that he is proud of him and his interaction with Russia. “It is necessary to further expand our presence in Asia, where our positions are strong and strong,” he added. "We would like to develop further and implement new projects on the territory of the Russian Federation together with you." “We came to Russia more than a hundred years ago and would like to remain a reliable partner,” said B. van Burden.

In February, 2014.Б. Van Berden and Gazprom CEO Alexei Miller signed a "roadmap" for the preliminary design of the third LNG production line under the Sakhalin-2 project.

"We have fruitful relations," Putin said, reminding that this year marks the anniversary - the 20 anniversary of cooperation. "We can congratulate each other and wish the same development of events in the future," Putin said.

The operator of the Sakhalin-2 project is Sakhalin Energy. The largest shareholder is Gazprom, which owns 50% plus one share in the company. Shell's share is 27,5% minus one share, Japanese Mitsui's share is 12,5%, Mitsubishi Corporation's share is 10%.

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