ID :
42414
Fri, 01/23/2009 - 20:12
Auther :

Medvedev to attend ceremony to launch LNG shipment to Japan+

MOSCOW, Jan. 23 Kyodo - Russian President Dmitry Medvedev is planning to attend a ceremony to launch shipments of liquefied natural gas from Sakhalin to Japan in mid-February, sources familiar with Japan-Russia relations said Friday.

The planned shipments will be the first LNG exports to Japan. The expected
presence of Medvedev at the event underlines Russia's stance of prioritizing
Japan-Russia ties as the energy-rich giant wants to diversity its channels of
energy supplies, the sources said.
While Sakhalin Energy, a key operator of the energy development project, has
yet to finalize the schedule of the LNG shipment ceremony, the sources said the
event is now being arranged with Feb. 18 as the most plausible date.
Alexander Medvedev, deputy chairman of the Management Committee of Gazprom, a
state-backed gas company that controls Sakhalin Energy, said last November that
LNG shipments to Japan will start on Feb. 19.
The Sakhalin-2 project got under way in 1994 in waters off Sakhalin Island
funded by Royal Dutch/Shell, Mitsui & Co. and Mitsubishi Corp. Its total cost
amounts to about $20 billion, or 1.8 trillion yen.
The scheduled start of LNG shipments to Japan has been delayed from November
2007 due to the increased costs and because Russia, which has the world's
largest natural gas reserves, began to insist that it take control of the
project.
A new plant, located in Prigorodnoye on Aniva Bay in the south of Sakhalin
Island, will liquefy natural gas transported from fields off the northeastern
coast of Sakhalin. Dedicated tankers will be used to transport the LNG to
Japan.
Of the planned annual output of 9.60 million tons of LNG, more than 60 percent
will go to Japanese utilities firms including Tokyo Electric Power Co. and
Tokyo Gas Co. The remainder will be sold to the United States and South Korea.
==Kyodo
2009-01-23 22:11:57

X