Official website of the President of Russia

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The message reads, in part:

“The past years have been a time of dynamic growth and impressive professional achievement for Sakhalin Energy. Thanks to the competence of its employees and expert management decisions, the company has effectively gained a foothold in the energy market, accumulated solid experience in oil and natural gas development, and successfully implemented truly unique, innovative international projects, such as Sakhalin 2.

It is important that the company pays special attention to environmental issues, develops and implements environmentally friendly, resource-saving technologies, and also provides effective support to important social initiatives aimed at improving living standards and the development of Russia’s regions.

I am all the more pleased to note that Sakhalin Energy is actively cooperating with major domestic companies and banks, introducing high standards of openness, transparency and business ethics into the corporate landscape.”

Sakhalin Energy is the operator of the Sakhalin 2 project. It is engaged in the development of the Piltun-Astokhskoye and Lunskoye fields on the Sakhalin shelf, with estimated recoverable reserves of 150 million tonnes of oil and 500 billion cubic metres of gas. The company's shareholders are Gazprom (50%), Royal Dutch Shell (27.5%), Mitsui (12.5%) and Mitsubishi (10%).