OREANDA-NEWS. On May 23, 2007 Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee has convened at the Company’s Central Office a regular meeting of the Coordination Committee for the Organization of Gazprom Participation in Sakhalin Oil and Gas Projects and Joint Project Execution with Partners, reported the press-centre of Gazprom.


The meeting highlighted the completion of Gazprom’s joining the Sakhalin-2 project deal and addressed the topical issues in relation to the project implementation.

On April 18, 2007, Gazprom and the stockholders of Sakhalin Energy (Royal Dutch Shell plc, Mitsui & Co. Ltd and Mitsubishi Corporation), which is the Sakhalin-2 project operator, entered into a purchase and sale agreement whereby Gazprom acquired a 50 per cent plus one share stake in Sakhalin Energy.