First Sakhalin oil and LNG cargoes have been successfully delivered to the buyers in Asia Pacific this year. Currently, Sakhalin Energy continues hydrocarbon production and shipping operations in normal mode in line with the schedule.

In 2022, the Company exceeded the targets, producing about 11.5 million tonnes of LNG and 3.7 million tonnes of Sakhalin Blend oil. All products were delivered to the buyers on time in full compliance with the SPA terms. The major LNG markets were Japan, China, South Korea and Indonesia, while oil was mainly sold to China, South Korea and Japan.

“Amidst unprecedented pressure on its business and operations caused by external factors, Sakhalin Energy was able to ensure stable and safe business processes, while exceeding the targets. All the time we remained fully committed to our obligations, including the one to secure reliable gas supply to the Sakhalin Oblast and the Far East. Given the importance of the project for the whole region, the Company has been implementing a rational field development scenario to ensure stable production and full implementation of social development plans,” commented Andrey Oleinikov, Sakhalin Energy's Managing Director.

About Sakhalin Energy

Sakhalin Energy LLC (to which the rights and obligations of Sakhalin Energy Investment Company Ltd. under the Production Sharing Agreement were transferred on 19 August 2022) is developing the Piltun-Astokhskoye oil field and the Lunskoye gas field off the north-eastern coast of Sakhalin. Its activities include production, transportation, processing, and marketing of oil and natural gas.