Russia-Shell JV for Sakhalin 3 and 4.

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  • Additional Information
    • Subject Terms:
      SAKHALIN (Sakhalinskaia oblast', Russia); RUSSIA
    • Subject Terms:
      ROYAL Dutch Shell PLC
    • Abstract:
      The article reports on the willingness of Russia to work with Royal Dutch Shell on the development of the oil and gas projects in Sakhalin island in far-east Russia. Sakhalin has oil and gas resources, being developed under production-sharing agreement contracts which involve international oil companies. The project financing for Sakhalin 2 closed on June 15, 2008. Also noted is a cooperation agreement signed by Shell with OAO Sovcomflot to provide transport for LNG produced on Sakhalin and the Yamal peninsula.