October 2013, Vol. 240 No. 10

Projects

Rosneft, ExxonMobil Start Work On LNG Plant

Rosneft and ExxonMobil have begun preliminary work on a joint LNG plant to be built in the Far East by 2018 by selecting a contractor to complete the design and engineering work. In 2013 and 2014 the companies intend to select liquefaction technology, define basic equipment requirements, complete civil-engineering surveys, and prepare legal documentation. Rosneft CEO Igor Sechin said the first completed section of the plant would have capacity of 5 million tons per year and be functional by 2018 at the latest. Rosneft’s gas fields contain approximately 600 Bcm of gas, he said. Constructing the plant is part of a growing relationship between Rosneft and ExxonMobil, which i

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