The Gazprom headquarters hosted a working meeting between Gazprom's Management Committee Chairman Alexey Miller and Shell's Chief Executive Officer Ben van Beurden.

The participants addressed the issues of their current and future bilateral cooperation, first of all, in the liquefied natural gas (LNG) production within the Sakhalin II project. The parties praised the joint efforts of both companies and emphasized a high potential of building up the LNG production as part of the said project.

About Sakhalin II project

Shell is a British-Dutch oil and gas company focused on hydrocarbons production, processing and marketing in over 90 countries worldwide.
In 2013 Gazprom and Shell signed the Memorandum outlining the principles of cooperation within hydrocarbons exploration and development in Russia's Arctic shelf and a part of deepwater shelf abroad.
As part of Sakhalin II, Russia's first LNG plant was commissioned in 2009 and consumers abroad started receiving LNG from Russia. In 2010 the plant reached its full capacity of 9.6 million tons per year. A total of 10.8 million tons of LNG and 5.4 million tons of oil were produced within the Sakhalin II project in 2013.
Sakhalin Energy is the Sakhalin II project operator with ownership spread among Gazprom (50 per cent plus one share), Shell (27.5 per cent less one share), Mitsui & Co. (12.5 per cent) and Mitsubishi Corporation (10 per cent).
In February 2014 Gazprom and Shell signed the memorandum-roadmap to prepare FEED documents for the third LNG production train within the Sakhalin II project.

About Gazprom

Gazprom is a global energy company. Its major business lines are geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel as well as generation and marketing of heat and electric power.

Gazprom views its mission in reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers.

Gazprom holds the world’s largest natural gas reserves. The Company’s share in the global and Russian gas reserves makes up 18 and 72 per cent respectively. Gazprom accounts for 14 and 74 per cent of the global and Russian gas output accordingly. At present, the Company actively implements large-scale projects aimed at exploiting gas resources of the Yamal Peninsula, Arctic Shelf, Eastern Siberia and the Far East, as well as hydrocarbons exploration and production projects abroad.

Gazprom is a reliable supplier of gas to Russian and foreign consumers. The Company owns the world’s largest gas transmission network – the Unified Gas Supply System of Russia with the total length of over 168 thousand kilometers. Gazprom sells more than half of overall produced gas to Russian consumers and exports gas to more than 30 countries within and beyond the former Soviet Union.

About Royal Dutch Shell plc

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.

See the site of Sakhalin II project