21:49 GMT +3 hours27 August 2016
Live
Russia

US Exxon Mobile Continues to Participate in Far-Eastern LNG Project: Rosneft

Russia
Get short URL
011000

US Exxon Mobile energy company is participating in the Far-Eastern Liquefied natural gas (LNG) plant construction project, there is no information on company's withdrawal from this project, the vice president of Russia's Rosneft , Vlada Rusakova told journalists on Tuesday.

Updated 06:28 a.m. Moscow time.

YUZHNO-SAKHALINSK , September 23 (RIA Novosti) - US Exxon Mobile energy company is participating in the Far-Eastern Liquefied natural gas (LNG) plant construction project, there is no information on company's withdrawal from this project, the vice president of Russia's Rosneft, Vlada Rusakova told journalists on Tuesday.

"I have not heard anything about it yet," Rusakova said, answering a question on the information about the alleged withdrawal of the American company from this project.

"Participants of the project [of constructing the LNG plant] are the participants of Sakhalin-1," Rusakova said, adding that she has several meeting scheduled with the Exxon Mobile's management.

Earlier on Tuesday Vlada Rusakova said that constructing the Far-Eastern LNG Plant within the Sakhalin-1 project is the "best option."

"The administration of the Sakhalin region supports the idea of integration," Rusakova said, adding that the cost of construction of the LNG Plant is estimated at $8 billion.

The Sakhalin-1 project is implemented on the basis of production sharing agreement and includes three fields [Chayvo, Odoptu and Arkutun-Dagi] on the northeastern shelf of Sakhalin Island. Exxon Neftegas Ltd is one of the operators of the project and owns 30 percent of it, while Rosneft owns 20 percent, the Japanese Sodeco – 30 percent, and the Indian ONGC – 20 percent.

Tags:
Sakhalin-1, liquefied natural gas (LNG), Exxon Mobile
Community standardsDiscussion
Comment via FacebookComment via Sputnik
  • Сomment
Top stories