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General

Grand Elena LNG carrier

 

Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) is developing the Piltun-Astokhskoye oil field and the Lunskoye gas field off the north-eastern coast of Sakhalin. Its activities include production, transportation, processing, and marketing of oil and natural gas.

The company operates under the Production Sharing Agreement (PSA) signed between Sakhalin Energy and the Russian Federation (represented by the RF Government and Sakhalin Oblast Administration) in June 1994. This Agreement was the first PSA in Russia.

Sakhalin Energy shareholders include:

The сompany’s major assets include:

Lunskoye-A is the first Russian offshore gas production platfrom

 

The company’s 2015 IFRS financial statements report the revenue of US$ 6.192 bln and net income of US$ 1.962 bln.

Oil
Sakhalin Blend is a new oil grade introduced by Sakhalin Energy to the Asia-Pacific region in 2014. It is a light, low-sulphur oil blend. In 2015, the company shipped 5.22 mln tons (approximately 41.01 mln barrels) of this oil. In total, 10 companies from five countries purchased the oil blend in 2015. Products were delivered through 17 transit and destination ports in Japan, South Korea, Singapore and Indonesia.

Liquefied Natural Gas
In 2009, Russia's first liquefied natural gas plant built by Sakhalin Energy was launched. In 2015, this LNG plant produced 10.82 mln tons of LNG exported to Japan, South Korea, China and Taiwan by customer ships or company chartered LNG tankers.

Natural Gas
In 2011, Sakhalin Energy began supplying natural gas to the Gazprom pipeline system through two gas transfer terminals. The North GTT transfers the Sakhalin-2 gas into the Sakhalin-Khabarovsk-Vladivostok pipeline, while the South GTT supplies gas to Sakhalin consumers, including Yuzhno-Sakhalinsk Cogeneration Plant No. 1.
The total gas supply in 2015 amounted to 1.084 bln cubic metres.