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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.

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

 


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FEATURED COLUMNS

Editorial comment
-Adrienne Blume
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
Power, LNG projects drive pipeline construction in Africa
-Shem Oirere
Increasing public investment in gas-fired power plants in Africa, the continuing recovery in global oil prices and persistent insecurity in key producer markets, such as Nigeria, are likely to impact gas transmission pipeline projects on the continent, even as more international companies express interest in the region’s stranded gas resources.


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