MOSCOW (Dow Jones)
Sakhalin Energy, the OAO Gazprom-led (GAZP.RS) consortium developing the Sakhalin-2 gas and oil project off Russia's far east coast, is examining the possibility of adding another train to process liquefied natural gas, a spokesman told Dow Jones Newswires Thursday.
However, he stressed that at present, the discussions are taking place strictly at the level of technical experts within the group, and added that no decision is likely in the immediate future.
The Sakhalin-2 project envisages the construction of two LNG trains, each capable of producing 4.8 million metric tons of LNG a year.
The spokesman said that advances in extraction technology may have made possible a higher level of output than was originally written into the project's development plan.
Sakhalin-2 is being developed under a Production Sharing Agreement, changes to which would require the approval of the Russian government and parliament, as well as its shareholders. It isn't clear whether any potential third train would be incorporated into an amended PSA, or developed on a different basis.
Gazprom's minority partners in the project are Royal Dutch Shell Group (RDSB.LN), Mitsubishi Corp. (MSBHY) and Mitsui Corp. (MITSY).
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