Russia's Sakhalin II LNG export plant launches 8-cargo tender

MILAN: Russia's Sakhalin II liquefied natural gas (LNG) export plant last week launched a tender to sell 8 cargoes from April this year to March 2016, traders said.

The cargoes have been offered to long-term buyers and stakeholders in the project, not to the wider market, the sources said.

Russian gas export monopoly Gazprom owns a 50 percent share in Sakhalin II, with Shell owning 27.5 percent, Japan's Mitsui 12.5 percent and Mitsubishi Corp subsidiary Diamond Gas 10 percent.