Gazprom CEO: May Cooperate With Shell On Yamal LNG Project
05 June 2009 - 12:53AM
Dow Jones News
Russian gas giant OAO Gazprom (GAZP.RS) is considering inviting
Royal Dutch Shell PLC (RDSA) to participate in liquified natural
gas projects on the Arctic Yamal Peninsula, Gazprom's Chief
Executive Alexei Miller said Thursday.
"I'm certain that the experience from joint work at Sakhalin-2
can lay the foundation of future cooperation in LNG, including on
Yamal," Miller said following a meeting with Shell's CEO Jeroen van
der Veer during the St. Petersburg Economic Forum.
In 2007, Shell ceded its controlling stake in the Sakhalin-2
project off Russia's Pacific coast to state-controlled Gazprom. The
project started production of LNG in March.
Gazprom is considering production of LNG in the arctic Yamal
region, but hopes to attract partners to share the financial and
technical challenges.
International oil majors such as ConocoPhillips (COP), Exxon
Mobil Corp. (XOM) and Total SA (TOT) have also expressed interest
in the project.
Company Web site: www.gazprom.ru
-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495 937
8445; jacob.pedersen@dowjones.com