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A pair of oil and gas megaprojects off far eastern Russia's Sakhalin Island are marking progress. Sakhalin Energy Investment Co. Ltd. (SEIC), the Marathon led venture set up to develop the Sakhalin II project, will start work 30 days after contract approval by the Kremlin. Sakhalin II involves development of Piltun-Astokhskoye and Lunskoye fields, which have estimated combined reserves of 1 billion bbl of oil and 13 tcf of gas. The $10 billion project includes an LNG export plant. Sakhalin II's production …