Exxon expects to invest $5 bn over five years to stabilize and increase oil production in Sakhalin, Sakhalin Governor Valery Limarenko said on Tuesday at the Sakhalin Oil and Gas Far East Energy Forum.
Franco-American TechnipFMC and Japanese JGC Corporation will do the preliminary design for the Far East LNG plant, said Shelley Beer, President of Exxon Neftegas Limited, at the Sakhalin Oil and Gas Forum.
Japanese JBIC bank is ready to participate in financing the construction of the third line of the LNG plant on the Sakhalin island, said Tanimoto Masayuki, Director General of the oil and gas projects financing department, on Friday, at the meeting with the governor of the region.
Rusatom Overseas (a company of Rosatom State Corporation ), Air Liquide, a leading producer of industrial gases, and the government of Sakhalin Region signed a memorandum of understanding on cooperation to investigate opportunities for the prospective construction of low-carbon hydrogen production facility in Sakhalin.
The Federal Agency for Fishery (Rosrybolovstvo) and the Chinese investment company CRCC International Investment Group Ltd discussed the possibility of creating a fish technopark in Sakhalin worth USD 350 million. This is stated in a statement by the Federal Agency for Fishery.
The press office of the Governor of Sakhalin announced that Sakhalin authorities and representatives of Japan’s JGC Corporation signed a memorandum on cooperation providing for small-scale LNG plant project to be implemented in Sakhalin.