Gazprom’s Headquarters has hosted today a working meeting between Alexey Miller, Gazprom’s Management Committee Chairman and Jeroen van der Veer, Chief Executive of the Royal Dutch/Shell Group of Companies. The parties addressed matters of joint involvement in Russian oil and gas projects, LNG production inclusive.

Special emphasis was placed on the exchange of assets stipulating Gazprom’s joining the Sakhalin-2 project and Royal Dutch/Shell’s taking part in the Neocomian deposits of the Zapolyarnoye field development.

Alexey Miller and Jeroen van der Veer emphasized the progress in the talks reached, pointing to today’s crucial step forward towards expanding mutually beneficial long-term cooperation between Gazprom and Royal Dutch/Shell on the platform their achievements.

Reference:

Royal Dutch/Shell is a British-Dutch petroleum company dealing with hydrocarbon production and processing in 140 countries of the world.

The Royal Dutch/Shell Group of Companies daily extracts a total of some 3.8 mln boe. Over 2004, the Group’s net earnings accounted for USD 18.5 bln.

Shell Sakhalin Holdings, a Royal Dutch/Shell subsidiary, owns a 55% stake in Sakhalin Energy – operator of the Sakhalin-2 project, which is also being implemented by Mitsui Sakhalin Holdings (25%) and Diamond Gas Sakhalin (20%), a Mitsubishi outlet. In addition, the project includes the development of the Piltun-Astokhskoye (to a larger extent) oil and Lunskoye (to a larger extent) gas fields with some 150 mln t of oil and over 500 bcm of gas in combined commercial reserves.

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