India Plans to Liquefy Sakhalin Gas
Flagship Indian energy firm Oil and Natural Gas Corp. is in talks over exporting its share of natural gas from Sakhalin-1 via Royal Dutch Shell's nearby LNG terminal, The Moscow Times reported. The move to make liquefied natural gas at Sakhalin-1, a multibillion-dollar project on the Pacific Coast, runs counter to operator ExxonMobil's long-held plan to sell the gas via a pipeline to nearby Japan. Exxon said it still planned to supply Sakhalin-1 gas by pipeline to North East Asian markets like China and Japan. Still, the company said it was exploring all reasonable opportunities to maximize the value of the gas resource. (Source: The Moscow Times)