Chairman of the Gazprom Management Committee, Alexey Miller, and Lee Seung-hun, CEO of KOGAS, met in Vladivostok, Russia, as part of the Eastern Economic Forum where they addressed the issues to cooperation in the energy sector.
The parties highly appreciated the cooperation between the companies in LNG supplies to Koera from the Sakhalin II project, and it was noted that expanding LNG production in Sakhalin would allow for a considerable boost in natural gas exports from Russia to the Asia-Pacific countries.
As part of Sakhalin II, Russia’s first LNG plant with the annual capacity of 9.6 million t of LNG was commissioned in 2009. In 2005 Sakhalin Energy and KOGAS signed a contract for LNG supply from the Sakhalin II project. The contract provides for a substantial volume of supply of 1.5 million t of LNG a year, which accounts for over 15% of the total LNG volume contracted from the Sakhalin II project.
Edited from press release by Angharad Lock