The new Sakhalin-2 operator will be registered in Yuzhno-Sakhalinsk
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The Government of the Russian Federation ordered the registration in Yuzhno-Sakhalinsk of a new operator for the Sakhalin-2 oil and gas project. Corresponding document published on the official Internet portal of legal information. The operator will be given the name Sakhalin Energy LLC. Andrey Oleinikov, the current head of the Sakhalin Energy branch, will become its leader.
At the end of June, President Vladimir Putin signed decree on the nationalization of Sakhalin Energy. The current shareholders of Sakhalin Energy (Gazprom (controlling stake), British-Dutch Shell (27.5% minus one share), Japanese Mitsui (12.5%) and Mitsubishi (10%)). within a month must agree to receive a share in a new Russian LLC. If the share is not claimed by the foreign partner, it is subject to appraisal and sale by the government to a Russian legal entity.
Sakhalin Energy Investment Company Ltd. registered in Bermuda. As part of the Sakhalin-2 project, two fields are being developed in the northeast of the Sakhalin sea shelf – Piltun-Astokhskoye (mainly oil) and Lunskoye (mainly gas). The Sakhalin-2 plant, which produces liquefied natural gas (LNG), was launched in 2009, its capacity is up to 11.6 million tons of LNG per year.
More news in Telegram channel “Kommersant”.
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