Gazprom and Shell sign LNG and gas deals

摘要

Gazprom and Shell have signed agreements concerning LNG and pipeline gas supplies. The agreements include the purchase of LNG by both Shell Eastern Trading and Gazprom Global from Sakhalin Energy Investment Company. Deliveries to Gazprom and Shell begin in 2009 and will last until 2028, totaling 1mt pa each to Gazprom and Shell at plateau. The agreements also include a new pipeline gas agreement for the delivery of an equivalent volume of gas to Shell in Europe. Through this 20-year agreement Shell will be able to strengthen the diversification and flexibility of its supply portfolio and its marketing position in the European gas market.