Russia: LNG Supply To Japan As Normal; May Up Shipments
March 15 2011 - 6:15AM
Dow Jones News
Russian shipments of liquefied natural gas to Japan remain
unaffected despite Friday's devastating earthquake and supplies to
the Asian nation may be increased, the operator of Russia's LNG
plant on the Pacific coast said Tuesday.
Sakhalin Energy, which runs the Sakhalin-2 LNG plant, sent its
latest LNG tanker to Japan Saturday and the shipment was received
without problems, a Sakhalin Energy spokesman said.
Sakhalin Energy, which is controlled by Russian state gas firm
OAO Gazprom (GAZP.RS), is talking to buyers about redirecting LNG
shipments to Japan from other export destinations as part of relief
efforts for the country, the spokesman said.
He added that the issue is complicated by limited capacity in
Japan to generate electricity from extra LNG volumes.
Sakhalin Energy produced some 10 million metric tons of LNG last
year, of which approximately 60% is exported to Japan.
Sakhalin Energy is controlled by Russian state gas firm OAO
Gazprom (GAZP.RS) with Royal Dutch Shell PLC (RDSA) and Japan's
Mitsui & Co. (8031.TO) and Mitsubishi Corp. (8058.TO) as
minority partners.
-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495 232
9197; jacob.pedersen@dowjones.com
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