Tuesday 1 April 2014

Rosneft Says Joint LNG Plant Project With U.S. Partner ExxonMobile on Track | News | The Moscow Times

Rosneft Says Joint LNG Plant Project With U.S. Partner ExxonMobile on Track | News | The Moscow Times:



"Rosneft said Tuesday it was on track to start production at its first liquefied natural gas plant in the country's far east in 2018 to 2019, despite East-West tension over Ukraine.



The world's largest listed oil company by output signaled its partnership with U.S. ExxonMobil for building the plant — which will have an initial annual capacity of 5 million tons —would not be affected by the standoff.



"The project is fully targeting Asia-Pacific markets. At the moment, the project's implementation is going according to the plans that were announced," Rosneft head Igor Sechin, a long-standing ally of President Vladimir Putin, said in written replies to Reuters. 




"The launch is planned for 2018 to 2019," said the state-controlled company, almost 20 percent owned by British oil major BP."



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