Shell in talks with Gazprom on Yuzhno-Kirinskoye gas field

YUZHNO-SAKHALINSK, Russia (Reuters) – Energy major Shell <RDSa.L> is in talks to join Russia’s state-controlled Gazprom <GAZP.MM> in tapping the Yuzhno-Kirinskoye gas field offshore Russia’s Sakhalin island in the Pacific, the head of Shell’s operations in the country said on Wednesday.

“There are many things we talk about with Gazprom. And, of course, we talk about that,” Olivier Lazare told journalists on the sidelines of an industry conference.

Last month, the United States restricted exports, re-exports and transfers of technology and equipment to the Yuzhno-Kirinskoye field. The sanctions were imposed just weeks after media cited Shell officials as saying the firm was considering Yuzhno-Kirinskoye as part of an asset swap deal with Gazprom, announced in June.

Lazare said Shell was complying with the sanctions, but “(we) don’t change (plans) every five minutes”.

“We are continuing at the same pace. The approach is the same,” he said of Yuzhno-Kirinskoye, which, according to Gazprom’s plans, is set to be put upstream in 2018 and needs drilling machinery not produced in Russia.

On Tuesday, Gazprom’s deputy CEO Alexander Medvedev said in a Reuters interview the gas field would feed the Sakhalin-2 liquefied natural gas plant expansion – a Gazprom/Shell joint venture – as well as a pipeline to China from Sakhalin.

 

(Reporting by Denis Pinchuk; Writing by Vladimir Soldatkin; Editing by Alexander Winning and Dale Hudson)

Share this article

Follow Offshore Energy Today

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

8th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Gas Indonesia Summit 2019

Gas Indonesia Summit & Exhibition is returning for the fourth edition in Jakarta…

read more >

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply