Gazprom and Royal Dutch Shell addressed the prospects for the strategic partnership in the gas sector

The parties addressed the current status and the prospects for the strategic partnership in the gas sector. An emphasis was placed on possible cooperation deepening as part of the joint projects executed offshore the Sakhalin Island.
The parties also paid attention to the interaction in gas exploration, extraction and processing, LNG production, oil and gas marketing.
Royal Dutch Shell is a British-Dutch petroleum company focused on hydrocarbons production, processing and marketing in 100 countries of the world.
On April, 2007 Gazprom and the shareholders of Sakhalin Energy (Royal Dutch Shell plc, Mitsui & Co. Ltd, and Mitsubishi Corporation), the Sakhalin II project operator, signed the Purchase and Sale Agreement under which Gazprom acquired a stake of 50 per cent plus one share in Sakhalin Energy.
As part of the project, Russia’s first LNG plant was commissioned in early 2009 paving the way for Russian LNG exports to foreign consumers. In 2010 the plant reached the nominal capacity of 9.6 million tons per annum.