Rosneft and Exxon Mobil plan LNG project in consortium with Japanese and Indian partners
Published by Will Owen,
Editor
LNG Industry,
Reuters is reporting that Rosneft (Russia) and Exxon Mobil (USA) are planning to build a LNG production project in partnership with Japan’s SODECO and India’s ONGC Videsh.
All four companies are partners in the Sakhalin-1 fields from which the requisite gas for the facility will be drawn, however Rosneft and Exxon had previously planned to build the facility without the other partners.
The benefits of the broader partnership include not only spreading the cost of the project, which has been estimated to be US$15 billion, but it may also help with the mitigation of sanctions risk.
While sanctions cannot be levied specifically against LNG production, Russian companies currently have restricted access to financial markets. This is due to international sanctions in place against the Russian Federation.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/24102018/rosneft-and-exxon-mobil-plan-lng-project-in-consortium-with-japanese-and-indian-partners/
You might also like
Woodside and Aramco sign collaboration agreement
Woodside Energy Ltd and Aramco have entered into a non-binding collaboration agreement to explore global opportunities, including Aramco’s potential acquisition of an equity interest in and LNG offtake from the Louisiana LNG project.