Sakhalin Energy exceeds its 2022 targets

Russian LNG producer Sakhalin Energy has surpassed its 2022 targets, producing about 11.5 million tonnes of LNG and 3.7 million tonnes of Sakhalin blend oil.

According to the company, all products were delivered to the buyers on time in full compliance with the SPA terms.

The major LNG markets included Japan, China, South Korea, and Indonesia, while oil was mainly sold to China, South Korea, and Japan.

Andrey Oleinikov, Sakhalin Energy’s Managing Director, said: “Amidst unprecedented pressure on its business and operations caused by external factors, Sakhalin Energy was able to ensure stable and safe business processes while exceeding the targets.”

“All the time we remained fully committed to our obligations, including the one to secure a reliable gas supply to the Sakhalin Oblast and the Far East. Given the importance of the project for the whole region, the company has been implementing a rational field development scenario to ensure stable production and full implementation of social development plans.”

The company said it is continuing with hydrocarbon production and shipping operations with the first Sakhalin oil and LNG cargoes delivered to the buyers in Asia Pacific this year.

Follow Offshore Energy’s Clean Fuel on social media: