5 Sep 2019 12:57

Far East LNG to be built as part of Sakhalin-1 project- Novak

VLADIVOSTOK. Sept 5 (Interfax) - Gas from the Sakhalin-1 project will be used to build a liquefied gas plant for the project itself and will not be sold to Gazprom to build a third train at the Sakhalin-2 LNG plant, Russian Energy Minister Alexander Novak said.

"I've been told that they [Exxon] have reached a decision to build a plant," he said, when asked whether Sakhalin-1 gas would be sold to the Sakhalin-2 project.

He said the project would be carried out under the Sakhalin-1 production-sharing agreement (PSA) and not by a consortium of Rosneft and ExxonMobil, and that Russia as a party to the PSA backed this.

"We back all investment projects that are carried out on a commercial, mutually advantageous basis," Novak said.