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Sakhalin II seeks six ships to cover exports.

Europe Intelligence Wire

| December 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Lloyds List)

Byline: Martyn Wingrove

SAKHALIN Energy Investment is close to chartering two more liquefied natural gas carriers and four crude oil tankers to cover exports from the Sakhalin II project.

The Shell-led consortium needs two more LNG carriers to transport the hydrocarbon product from its $20bn Sakhalin project to US regasification facilities from 2008.

According to Ian Craig, chief executive of Sakhalin Energy, the group is close to finalising the contract negotiations for these two LNG carriers.

'Three LNG carriers are already committed and under construction, and we are looking for two more for short-term charter to take LNG to US markets,' said Mr Craig at IBC Energy's Sakhalin Oil ' Gas conference yesterday.

He said the group was tendering for four oil tankers ...

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