Japanese Investor Reviews Oil and Gas Project on Russia's Sakhalin
Posted on: Monday, 18 July 2005, 06:00 CDT
Excerpt from report by Russian news agency ITAR-TASS
Yuzhno-Sakhalinsk, 18 July: The president of the Japanese Mitsui company, Shoei Utsuda, arrived in Sakhalin today to review the implementation of the Sakhalin-2 project for oil and gas production on the shelf of the Sea of Okhotsk. Mitsui is making a 25 per-cent investment in the project.
At a meeting with Sakhalin Region governor Ivan Malakhov, Utsuda stressed the importance of the work conducted on the Sakhalin shelf for Japan. Japanese companies have already made advance purchases of a total of 5m tonnes of liquefied natural gas to be produced at a plant in the village of Prigorodnoye in the south of Sakhalin. [Passage omitted to end: Sakhalin-2 project details]
Source: BBC Monitoring Asia Pacific
Related Articles
- Parker Drilling Announces New Design Contract for Arkutun-Dagi Phase of Sakhalin-1 Project
- Sakhalin Project Gets Environmental OK
- Sakhalin-1 Project Production Goal Achieved
- Shell Accuses Russia of Attempting to Grab Sakhalin Project Control
- IN BRIEF: Sakhalin Project Wins Approval
- Weatherford Wins Pipeline Pre-Commissioning For Sakhalin Project
- Big Cost Hikes in Shell's Sakhalin Project
- Chevron, Exxonmobil Well Positioned for Sakhalin-3 Project - Trutnev
- Russia Will Not Change Decision on Sakhalin-3 Project
 |
 |
User Comments (0)
RSS Feeds