SAKHALIN PRODUCTS LNG

NGE. Russia's Sakhalin Energy said on Monday it has produced 50 million tonnes of LNG in the last five years. 

"This is an important milestone in the history of the Company. The delivery of the new for Russia energy product was per our contract obligations and thus we can say that Sakhalin Energy is confidently moving toward its primary objective – to be the premier energy source for Asia Pacific", Roman Dashkov, Chief Executive Officer of Sakhalin Energy, said in a note released on Monday. 

The first Russian liquefied natural gas plant has been launched in February 2009, with the bulk of the product being shipped to Japan and South Korea. 

The company was established in 1994. Its shareholders are affiliated companies of Gazprom (50% + 1 share), Royal Dutch Shell (27.5% - 1 share), Mitsui (12.5%) and Mitsubishi (10%).