Press release: Gazprom and Mitsubishi discuss progress on Sakhalin II project

Background

Japan's Mitsubishi Corporation is engaged in manufacturing and marketing of various products (including equipment), project financing and coordination, and management consulting.

Russia's only LNG plant is in operation under the Sakhalin II project. The Sakhalin II operator is Sakhalin Energy Investment Company Ltd. (Gazprom – 50 per cent plus one share, Shell – 27.5 per cent minus one share, Mitsui – 12.5 per cent, and Mitsubishi – 10 per cent). In 2015, the plant produced 10.8 million tons of LNG, exceeding the design capacity by 1.2 million tons.