ExxonMobil sees Russian LNG plant's capacity at 6.2 million T/year
MOSCOW (Reuters) - U.S. major ExxonMobil and Russian energy company Rosneft expect their future joint project to produce more than 6.2 million tonnes of liquefied natural gas per year, Interfax news agency quoted an ExxonMobil manager as saying.
ExxonMobil is pushing ahead with efforts to develop its $15 billion Far East Liquefied Natural Gas (LNG) project with Rosneft despite being forced to exit some joint ventures in Russia due to Western sanctions.
The plant’s capacity also could be increased from planned initial volumes, Interfax reported citing James Grable, a manager at the Sakhalin-1 joint venture with Rosneft.
Earlier this year Exxon invited companies including China National Petroleum Corporation’s [CNPET.UL] engineering arm to bid for construction contracts by October, sources with knowledge of the matter said.
A final investment decision is due in 2019, they said.
Exxon and Rosneft have also held discussions about feeding gas from Sakhalin-1 fields into a planned third production unit at an existing LNG plant run by Gazprom and Shell on Sakhalin island.
Reporting by Vladimir Soldatkin
The US Energy Information Administration (EIA) reported in April that the US set records for natural gas production in 2017.
- Energy Web Atlas
Since market reforms first started in 1978, China has shifted from a centrally planned economy to a market-based economy, experiencing rapid economic and social development.
Russia aims to ally with Qatar in LNG competition with Australia and other LNG-exporting majors over the coming years.
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