Russia's Sakhalin LNG, oil and gas output down in 2024
Production of liquefied natural gas (LNG), as well as oil and gas, declined in 2024 in Russia's Pacific island of Sakhalin in 2024, according to local administration.
Production of LNG at Sakhalin Energy project, led by Kremlin-controlled Gazprom, declined last year according to the administration, by around 2% to 10.2 MM tonnes (t), or around a third of Russia's total.
The administration also said that oil and natural gas output at Sakhalin 1 project fell by 9.8% from 2023, without providing production figures.
"Oil and gas production has had a steady downward trend since 2020, which is due to the natural process of 'aging' of fields," the administration said on its website.
Gazprom owns almost 77.5% in Sakhalin Energy located in the southern tip of Sakhalin. Other shareholders are Japanese companies Mitsui (12.5%) and Mitsubishi (10%).
Following Moscow's decision to send troops into Ukraine in February 2022, Shell left the project, following the path of numerous Western businesses.
ExxonMobil also left Russia in 2022. Moscow set a deadline of January 1, 2026 for the sale of ExxonMobil's 30% stake in Sakhalin 1.
Russia's Rosneft and India's ONGC Videsh have 20% stakes each in the project, while Japan's SODECO controls a 30% stake.
Related News
- Burckhardt Compression secures milestone order for first industrial scale liquefied CO₂ carrier supporting Northern Lights CCS project
- Hanwha Ocean signs strategic MoU with Kanata Clean Power for proposed $15.7-B, 12-MMtpy FLNG project in Canada
- Update: Australian unions end strike at Inpex Ichthys LNG as pay deal reached
Related News
- Cheniere signs deal with Bechtel to expand U.S. LNG export capacity
- TC Energy approves $1.5-B Columbia Gas expansion after profit tops estimates
- Wärtsilä continues to expand its data center footprint with new 790 MW order in Texas
- Baker Hughes’ fuel flexible NovaLT™ 16 gas turbine certified by RINA for marine propulsion
- Japan got bulk of Russian LNG from Sakhalin-2 in 2025
Comments