Far Eastern LNG will be launched in 2027

26.09.2019       

The commissioning of the Far Eastern LNG, which is being built in the Khabarovsk Territory as part of the Sakhalin-1 project, is scheduled for 2027. A plant for the production of liquefied natural gas (LNG) will be launched in the village of De-Kastri, Khabarovsk Territory. The Far East LNG project is scheduled to be launched in 2027. The timing of the final investment decision and the launch of the project depend on a number of factors, in particular, on obtaining approval from regulatory authorities, trends in the global LNG market, maintaining optimal oil production to ensure economic efficiency for Russia and the Sakhalin-1 consortium participants. As the President of ExxonMobil Russia Inc. Glenn Waller plant design has already begun.< /p>

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Sakhalin-1 Project implemented under the terms of a production sharing agreement. The project operator with a 30% share is Exxon Neftegas Ltd, Rosneft — 20%, from the Japanese Sodeco — 30% and Indian ONGC — 20%. Several options for gas monetization from this project were considered. First — construction of a new plant "Far East LNG" "Rosneft" near the village of De-Kastri, the second — sale of gas for the third stage at the operating Sakhalin-2 LNG plant; (Gazprom owns 50% in the project operator Sakhalin Energy).

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