Moscow seeks to ban Exxon gas for Asia- About: Oil and Gas News

Exxon signed a preliminary agreement in 2004 to supply 8 billion cubic metres of Sakhalin-1 gas to China’s CNPC but it has also held talks with Japan and India, which want to import Sakhalin’s gas as liquefied natural gas. Russia’s Gazprom, which has monopoly right to export Russian gas, asked the government in June to block the plan saying it would create shortage on the Russian domestic market. Exxon’s Sakhalin is a rare production sharing project between foreign investors and the Russia state. Gazprom boosted its positions on Sakhalin last year when it obtained control over the nearby Sakhalin-2 project, forcing the previous leader Royal Dutch Shell to cede control following months of state pressure. Shell sells crude and gas stake for $2. read more

[Tags]gas, control, gazprom, project, russian, sakhalin, oil and gas news[/Tags]

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