Today in Yuzhno-Sakhalinsk, as part of the celebrations dedicated to the launch of the first Russian liquefied natural gas (LNG) plant Alexey Miller, Chairman of the Gazprom Management Committee held a number of meetings with leaders of the world’s largest energy companies and statesmen from the countries-partners of the Sakhalin II project.

In particular, Alexey Miller met with Choo Kangsoo, President of Kogas. The parties paid special attention to the arrangement of Russian natural gas supplies to consumers of the Republic of Korea and the possible cooperation between the companies in the gas processing and gas chemistry sectors in eastern Russia.

During the meetings of Alexey Miller with Shoei Utsuda, President and Cief Executive Officer of Mitsui and Jeroen van der Veer, Chief Executive Officer of Royal Dutch Shell the parties highly appreciated the cooperation within the Sakhalin II project and discussed further cooperation opportunities in gas extraction and LNG production.

In addition, Alexey Miller held a meeting with Maria van der Hoeven, Economic Affairs Minister of the Kingdom of the Netherlands. The parties stressed the importance of the global LNG market development and noted that the progress in the mutually beneficial and long-term partnership between Gazprom and Dutch energy companies had a bright future. Maria van der Hoeven emphasized the high importance of the Nord Stream project and the projects for UGS capacities construction in the Netherlands.

Background:

On May 12, 2003 Gazprom and Korea’s Kogas signed the five-year Agreement of Cooperation, which was extended for another five-year term in 2008. The Agreement embraces a wide spectrum of issues including the exploration of possible ways of supplying Russian natural gas to Korea.

Mitsui specializes in development, sales & acquisition, distribution and processing of all energy products in Japan and abroad. Financial activities are also one of the company’s businesses.

Royal Dutch Shell is a British-Dutch petroleum company dealing with hydrocarbon production and processing in eight countries of the world: the USA, Kazakhstan, Nigeria, Brazil, Malaysia, Ireland, Russia and Canada.

Mitsui and Royal Dutch Shell partner up with Gazprom in the world’s largest comprehensive oil and gas project Sakhalin-2. The shareholding structure of Sakhalin Energy, the Sakhalin II project operator is as follows: Gazprom holds a 50 per cent plus one share stake, Shell – 27.5 per cent, Mitsui – 12.5 per cent and Mitsubishi – 10 per cent.