RUSSIA - Focus On Asia.

APS Review Gas Market Trends,  August, 2006  

Tags: Gazprom

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In 2002 the Kremlin appointed Gazprom as co-ordinator of east Siberian gas E&P and export projects. By implication this includes the Sakhalin island and its offshore oil/gas E&P and export projects, as Gazprom has been trying to get into some of these ventures. To the Kremlin, the focus on Asia is of geo-strategic importance. Asian demand for LNG is forecast to rise from 87m t/y in 2005 to 116m t/y by 2010 and 138m t/y by 2015.

Ventures off Sakhalin island will be producing oil and gas in partnership with foreign companies, with a Shell-led Sakhalin venture already ...

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