Exxon, Rosneft To Build LNG Plant With Japanese, Indian Partners: Sources


Exxon, Rosneft To Build LNG Plant With Japanese, Indian Partners: Sources

Russia’s Rosneft and US ExxonMobil plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost, two sources familiar with the talks said.

The four companies – Rosneft, Exxon, Japan’s SODECO and India’s ONGC Videsh – are partners in the Sakhalin-1 group of fields that will supply the gas, but Exxon and Rosneft had initially planned to build the LNG plant without the other consortium members.

As well as spreading the costs among more stakeholders, the broader involvement of the participants may mitigate sanctions risk. Read more

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