It is owned by Gazprom (50% + 1 share) and Shell (27.5 % – 1 share).
Last year, a record-high volume of LNG – over 11.6 million tons – was produced and shipped to customers under the project.
Besides Sakhalin 2 activities, Miller and van Beurden also discussed the efforts of the 2 companies in reducing their carbon footprint across the LNG value chain.
Natural gas, due to its eco-friendliness, can play a significant role in meeting Europe's climate goals.
Miller and van Beurden paid particular attention to the situation in the European gas market.
Russia is one of the main suppliers of natural gas to the European market.
This week, the IEA called on Russia to send more gas to Europe as the energy supply crunch bleeds across the continent.
The Paris-based agency noted that Russia could do more to increase gas availability to Europe and ensure storage is filled to adequate levels in preparation for the coming winter heating season.
The European gas market could well face further stress tests from unplanned outages and sharp cold spells, especially if they occur late in the winter.
Author: Elena Alifirova