Russia's Rosneft plans to take final investment decision on Far East LNG in 2017-18
Reuters
Published Sep 27, 2016 08:09PM ET
Updated Sep 27, 2016 08:20PM ET
Russia's Rosneft plans to take final investment decision on Far East LNG in 2017-18
YUZHNO-SAKHALINSK, Russia (Reuters) - Russia's Rosneft plans to take a final investment decision on its Far East LNG project in 2017-2018, according to a presentation by Rosneft department head Alexander Zharov at a conference on Wednesday.
The presentation also showed that the production at the plant may start after 2023. Rosneft, which partners with ExxonMobil (NYSE:XOM), Sodeco and ONGC at the project, plans to produce 5 million tonnes of LNG at the plant at the start, with possibility of rising to 10 million tonnes in the future.
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Written By: Reuters
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