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Sakhalin Oil Field

  • 26 Oct 2019
  • 1 min read

Recently the Minister of Petroleum and Natural Gas has visited Sakhalin oil field in Russia.

  • Exxon Mobil (US), Rosneft (Russia), Japanese SODECO and ONGC Videsh are the partners in this field which will continue to produce oil and gas till 2055.
  • During the recent Vladivostok Summit, there was agreement on a roadmap of cooperation over the next five years in the hydrocarbon sector.
    • It included strengthening Liquified Natural Gas (LNG) exports to India; encouraging Russian companies to participate in gas projects in India; exploring the possibility of Indian companies collaborating in LNG projects, including in Arctic LNG infrastructure projects; cooperation at the university level, among others.
    • Sourcing of coking coal from the Russian Far East is now a major priority.

Source: PIB

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