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10 June 2004 19:13
US oil company to supply Russian region with gas from Sakhalin

Moscow, 10 June: The US ExxonMobil expects to annually supply about 4.5bn cubic metres of natural gas to Khabarovsk region [Territory] from the Chayvo deposit on a licensed area of the Sakhalin-1 project from 2005, the press service of the Khabarovsk region administration told Prime-TASS Thursday [10 June]. The first natural gas consignment is to be supplied in time for the winter heating season of 2005-06. The supplies are expected to last till 2009, the official said. The relevant agreement was signed by Khabarovsk region's administration and ExxonMobil on Thursday. The Sakhalin-1 project is an oil and gas development on the northeast shelf of Sakhalin Island. The Sakhalin-1 project envisages development of the Chayvo, Odoptu and Arkutun-Dagi oil and gas fields, whose combined resources total 310m tonnes of oil and 485bn cubic metres of gas. In addition to Exxon, which operates and holds 30 per cent in the project, the Sakhalin-1 consortium members include the Japanese company Sakhalin Oil and Gas Development Co. Ltd with 30 per cent, India's ONGC Videsh Ltd with 20 per cent, and two Russian companies, Sakhalinmorneftegaz-Shelf, a subsidiary of Rosneft-Sakhalinmorneftegaz, with 11.5 per cent, and RN-Astra, a subsidiary of Russian national oil company Rosneft, with 8.5 per cent.


[Prime-TASS news agency]
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