Gazprom in talks on swap of Sakhalin-1 stake for LNG supplies to India
MOSCOW – Russian gas giant Gazprom is considering a possible swap of liquefied natural gas (LNG) supplies to India in exchange for its 20 percent stake in the Sakhalin-1 project, Gazprom's head of Foreign Relations Stanislav Tsygankov said on Monday, RIA Novosti reported.
"They would want to receive Russian LNG, we are talking swaps," Tsygankov said.
"It is one of the elements of the talks, though it is not yet being implemented," Tsygankov said of the possible trade-off of the Sakhalin-1 stake.
The Sakhalin-1 project includes the Chaivo, Odoptu and Arkutun-Dagi deposits, with reserves estimated at about 307 million tons of oil and 485 billion cubic meters of gas.
The project is owned by Exxon Neftegas and Japan's Sodeco with 30 percent each, and Russia's Rosneft and India's ONGC with 20 percent each.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!