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Sakhalin Energy has signed RUB 500mln contract

Sakhalin Energy has signed a RUB 500mln contract covering the construction and launch of a power plant with Iskra Energetika (Perm), Sakhalin Energy says.

The power plant will generate electric energy for a booster station; its gas turbines will run on the gas that will be delivered via a pipeline from the project's fields.

Booster station No 2 is being constructed in the village of Gastello, almost in the middle of the ground pipeline. The operation of the booster station will allow the LNG plant to function at full power. The construction of the station is to be finished in 2008.

Besides Iskra Energetika, two British and six Russian companies took part in the auction for the said contract.

Sakhalin Energy is the operator of the Sakhalin-2 project. Under this project, the Piltun-Actokhskoye and Lunskoye Fields are being developed, their mineable reserves being 17.3 trillion cubic feet of gas and 1 billion barrels of oil.

© "AK&M"

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