AsiaContracts and TendersEurope

Gazprom and Shell ink cooperation deal

By LNG Prime Staff
Gazprom and Shell ink cooperation deal
Sakhalin LNG plant (Image: Gazprom)

Russian gas giant Gazprom and the world’s largest LNG firm Shell have signed a strategic cooperation deal as they look to further boost ties.

Gazprom’s Alexei Miller and Shell’s Ben van Beurden signed the five-year agreement during an online meeting on Tuesday.

The agreement puts focus on areas such as research of energy markets, implementation of projects along the entire value chain, cooperation in digitalization of technologies, and reduction of greenhouse gas emissions, according to a Gazprom statement.

The two CEOs discussed several topics during the meeting especially the Gazprom-operated Sakhalin-2 LNG export terminal where Shell has a 27.5 percent minus one share.

To remind, the facility in the port of Prigorodnoye produced and shipped record 11.6 million tonnes of LNG last year.

The duo also talked about the European energy sector decarbonization, where gas could play “a significant role” in meeting Europe’s climate goals, the statement said.

Most Popular

LNG Terminals

Sempra Infrastructure plans 27 mtpa Port Arthur LNG expansion

Sempra Infrastructure’s Port Arthur LNG has filed a request with the US FERC to start the pre-filing process for a 27 mtpa expansion of its LNG export project in Texas.
Contracts and Tenders

TotalEnergies, partners seal Papua LNG deal with Papua New Guinea

France’s TotalEnergies and its partners in the Papua LNG export project have signed amendments to the project's gas agreement with the government of Papua New Guinea, paving the way for a final investment decision by the end of the year.
Vessels

Seapeak to sell three steam LNG carriers

Stonepeak’s Seapeak has initiated the process of selling three steam turbine RasGas II JV liquefied natural gas (LNG) carriers following the expiration of their existing Qatari charter contracts between late 2026 and early 2027.

More News Like This

LNG Terminals

Russian LNG production up 12 percent in January-July

Russian liquefied natural gas (LNG) production rose 12 percent in January-July this year, according to the Russian statistics agency Rosstat.
Corporate

Shell, partners take FID on new project to deliver more gas to Egypt

Egypt, which has turned to LNG imports over the last two years to cover domestic natural gas shortages, will receive more much-needed gas supplies after UK-based LNG giant Shell and its partners took a final investment decision on the Phase 12a development project in the West Delta Deep Marine (WDDM) concession.
LNG Terminals

Financing secured for Manzanillo LNG-to-power project

Manzanillo Gas & Power has secured financing for its Manzanillo LNG-to-power project in the Dominican Republic, which includes a floating storage and regasification unit (FSRU).
LNG as Fuel

Shell expands LNG bunkering network with first Valencia op

UK-based LNG giant Shell has expanded its global LNG bunkering network with the completion of its first operation in Valencia, Spain.