Exxon, Rosneft mull plant to liquefy Sakhalin gas
NOVO-OGARYOVO Feb 13 (Reuters) - U.S. oil major ExxonMobil and Russia's Rosneft have agreed to study the possiblity of building a plant to liquefy gas from their Sakhalin-1 oil and gas project off Russia's Pacific coast, Stephen Greenlee, president of ExxonMobil Exploration, said on Wednesday.
Sakhalin 1 has significant gas reserves but the Exxon-led consortium, operated under production-sharing-agreement, has not found a way to monetise them through exports.
Russian President Vladimir Putin said earlier on Wednesday Russia could consider ways to gradullay liberalise LNG (liquefied natural gas) exports, raising a prospect of exporting the reserves without selling them through export monopoly Gazprom.
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video