Background

Shell is a British-Dutch oil and gas company focused on hydrocarbon production, processing and marketing in over 70 countries worldwide.

In 2009 a liquefied natural gas plant with an annual capacity of 9.6 million tons was brought into operation as part of the Sakhalin II project. It is the only LNG plant in Russia. 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).

On June 18, 2015 Gazprom and Shell signed a Memorandum to construct the third production train of the LNG plant within Sakhalin II.

On June 18, 2015 Gazprom and Shell signed an Agreement of Strategic Cooperation promoting the partnership between the two companies across all the segments of the gas industry, from upstream to downstream, including in the form of a potential swap of assets.

On September 4, 2015 Gazprom, BASF, E.ON, ENGIE, OMV and Shell signed a Shareholders Agreement to build the Nord Stream 2 gas pipeline system with an annual capacity of 55 billion cubic meters from Russia to Germany across the Baltic Sea.

OAO Gazprom issued this content on 2016-01-19 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-19 17:39:06 UTC

Original Document: http://www.gazprom.com/press/news/2016/january/article258163/?from=rss