Gazprom and Shell executives discuss the situation on the European gas market – Business & Economy

MOSCOW, September 22. / TASS /. Gazprom CEO Alexey Miller and Royal Dutch Shell Managing Director Ben van Beurden discussed the situation in the European gas market, as well as the operation of the Sakhalin 2 project, the producer of Sakhalin 2 said on Wednesday. Russian gas in a statement. .

“The parties discussed current issues related to their joint activities, including the Sakhalin 2 project and the efforts of the two companies to reduce their carbon footprint along the natural gas value chain. Alexey Miller and Ben van Beurden paid special attention to the situation. on the European gas market, ”the statement said.

Europe experienced extremely low gas reserves in its underground facilities this fall, which, together with other factors, pushed gas prices to record highs. In particular, the price of gas futures at TTF’s hub in the Netherlands approached $ 970 per 1,000 cubic meters in mid-September, before declining thereafter.

Sakhalin-2 has been operating since 2009 and is Russia’s first liquefied natural gas plant. The first two processing lines allow the production of around 11.6 million tonnes of LNG per year. The operator of the project is Sakhalin Energy, Gazprom holding a 50% stake plus one share, Shell 27.5% minus one share and Mitsui & Co. Ltd holding a 12.5% ​​stake. In addition, Mitsubishi Corporation also owns a 10% stake.

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