MOSCOW, June 18 (Reuters) - Sakhalin Energy, the
international operator of a pioneering liquefied natural gas
(LNG) plant in eastern Russia, said on Thursday authorities have
extended its oil and gas production licences, which were due to
expire in 2021, for five years.
Sakhalin Energy operates Sakhalin-2, Russia's first LNG
plant, which came onstream in 2009 with production capacity of
around 10 million tonnes per year.
It said on Thursday it had secured rights to further develop
Piltun-Astokhskoye and Lunskoye oil and gas fields in the Sea of
Okhotsk, off the eastern island of Sakhalin, until May 19, 2026.
The initial licences were awarded in 1996 for 25 years.
Equity holders in Sakhalin Energy include Gazprom,
Royal Dutch Shell, and Japan's Mitsui and
Mitsubishi Corp.
(Reporting by Vladimir Soldatkin; editing by Barbara Lewis)
