11 June 2004 21:47
China hopes to sign contract for Sakhalin gas soon
YUZHNO-SAKHALINSK. June 11 (Interfax) - Sakhalin-2 operator Sakhalin Energy may sign an agreement with Chinese
companies soon to supply liquefied natural gas to China, head of the Chinese State Development and Reform Committee
Jiang Weixing said at a meeting with Sakhalin Governor Ivan Malakhov on Thursday
The Chinese market is the best for Sakhalin gas. China wants to
participate in the Sakhalin-2 project and receive gas from this
"The Chinese government is very interested in Sakhalin projects.
In turn, Malakhov said that construction of oil and gas
infrastructure for the Sakhalin-2 project would be completed in
November 2007, at which time it is planned to supply the first
liquefied natural gas to international markets. He said that
project," Jiang Weixing said.
construction work is going to schedule.
The governor also said that the economic cooperation between China and Sakhalin region is developing successfully.
"At the moment there are 29 joint ventures with Chinese participation operating on Sakhalin. We have not one
complaint against these joint ventures. This is very successful experience of developing relations and it needs to be
actively developed," the governor said.
A delegation from the Chinese State Development and Reform Committee and the Chinese oil and gas corporation Sinopec
arrived in Yuzhno-Sakhalinsk on Thursday. During its visit, which will last until June 12, the delegation plans to
familiarize itself with the Sakhalin-2 project. On Friday the delegation flew to the Vityaz complex and on Saturday it
will visit the site of a liquefied natural gas plant in the village of Prigorodnoye.
The Sakhalin-2 project involves the development of the Piltun- Astokhsky and Lunskoye fields off the Sakhalin coast.
Total reserves of oil and gas at these deposits amount to 185 million tonnes and 800 billion cubic meters
respectively.
The operator of the project is Sakhalin Energy, founded by Shell (55%), Mitsui (25%) and Mitsubishi (20%).
Sakhalin Energy has signed contracts to supply 1.1 million tonnes of LNG a year to Japan's Tokyo Gas, 0.5
million tonnes to Kyushu Electric, 0.3 million tonnes a year to Toho Gas and 1.5 million tonnes to Tokyo Electricity.
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