Sakhalin Energy Investment Co. now provides more than 8% of Japan's liquefied natural gas needs following additional cargoes shipped to the country in the wake of the devastating tsunami that severely damaged its nuclear capacity, said Chief Executive Andrei Galaev.
Sakhalin Energy Investment Co. now provides more than 8% of Japan's
liquefied natural gas needs following additional cargoes shipped to the country
in the wake of the devastating tsunami that severely damaged its nuclear
capacity, said Chief Executive Andrei Galaev.
He said the company, the operator of
Russia
's
only gas-to-liquids plant, had sent 28 standard cargoes to
Japan
this
year. Sakhalin Energy is a joint venture, with OAO Gazprom (GAZP.RS) the
majority partner with a 50% plus 1 stake, while Royal Dutch Shell PLC (RDSA)
holds 27.5%, and Japanese firms Mitsui & Co. (8031.TO) and Mitsubishi Corp.
(8058.TO) control 12.5% and 10% respectively.
Demand for LNG, natural gas cooled to a liquid and transported by special
ships, soared after the
Fukushima
nuclear disaster in March. The company produces gas offshore
Sakhalin
island in
Russia
's
Far
East
, just north of
Japan
.
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