(EnergyAsia, February 25, Wednesday) — Russia’s Sakhalin Energy aims to produce six million tonnes of liquefied natural gas (LNG) from its new export terminal on the Russian Far East island in this year.
According to the Russian energy ministry, the terminal, which starts up next month with a first export cargo, would operate at around two-thirds of the terminal’s design capacity. The terminal has an annual output capacity of 9.6 million tons of LNG, making it the world’s largest.
The bulk of Sakhalin’s LNG output will be sold into Japan under long-term supply agreements, helping to reduce Russia’s dependence on the European markets.
The company is also targeting to produce five million tonnes of crude oil in 2009, up from two million tonnes last year.
Russia’s state gas giant Gazprom acquired a majority stake in Sakhalin Energy for US$7.45 billion in 2007. Its partners include Shell, Mitsubishi and Mitsui & Co.