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Rosneft and ExxonMobil select contractors for Sakhalin LNG project

29th August 2013

Rosneft and ExxonMobil call for contractors and advanced technology for joint 5 million tons LNG project in Sakhalin Island

Rosneft and ExxonMobil select contractors for Sakhalin LNG project
Initial capacity of the LNG project is expected to be 5 million tons per year

Energy majors Rosneft and ExxonMobil have officially started selecting contractors for their joint LNG project proposed in the Sakhalin Island in the Russian Far East, which may see several advancements over the next two years.

 

In 2013-2014, Rosneft and ExxonMobil plan to complete design work, including selection of liquefaction technology, identification of major equipment requirements and develop front end engineering and design (FEED) for the LNG plant, in addition to hydro-technical marine facilities and a source gas pipeline.

 

Commenting on the progress of the LNG project in the Russian Far East, Rosneft president Igor Sechin said: “Rosneft’s offshore license areas hold massive hydrocarbon resource potential, most of which is natural gas. Given the fact that offshore fields are difficult to reach and are not connected to the national gas supply system, the most efficient way to monetize these resources is to liquefy the natural gas and sell the LNG in export markets.”

 

Initial capacity of the LNG project is expected to be 5 million tons per year. The liquefaction plant, scheduled for launch in 2018, will receive natural gas from Rosneft’s reserves in the Far East and other Sakhalin gas reserves.