BLOOMBERG: Sakhalin LNG Capacity: “Shell plans to invest as much as $23 billion to tap oil and gas fields on the Sakhalin shelf in the Sea of Okhotsk.”: Monday 28 November 2005

Royal Dutch Shell may increase the capacity of a liquefied natural gas plant it is building on Sakhalin Island in the Far East because exploration may find more gas in the region, a Russian official said.

Shell plans to invest as much as $23 billion to tap oil and gas fields on the Sakhalin shelf in the Sea of Okhotsk. About $20 billion will be used to pump gas and make liquefied natural gas, or LNG, to market in the United States, Japan, South Korea and China. (Bloomberg)

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