The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Gazprom, Shell agree on Sakhalin-2 LNG plant expansion

Mon, 23rd Dec 2013 15:12

MOSCOW, Dec 23 (Reuters) - Russia's top natural gas producerGazprom on Monday approved the expansion of theSakhalin-2 liquefied natural gas (LNG) plant it co-runs withShell.

Gazprom had long opposed the idea of constructing a thirdline, or train, at the plant in the Pacific Island of Sakhalin,the only operational LNG plant in Russia, which produces 10million tonnes of the frozen gas a year.

Gazrpom said CEO Alexei Miller and Shell's CEO Peter Vosermet in Moscow and agreed to recommend that Sakhalin Energyoperational company's board discuss the design of the thirdline.

Related Shares

More News
27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, par...

7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating th...

31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.