Rosneft, Exxon Weigh $15 Billion LNG Plant to Vie With Gazprom
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OAO Rosneft, the world’s biggest publicly traded oil producer, is in talks with Exxon Mobil Corp. about building a liquefied natural gas plant to target Asia, challenging OAO Gazprom’s weakening export monopoly.
The LNG project, either on Sakhalin Island or in the Khabarovsk region on the Pacific coast, may cost $15 billion, Neil Duffin, Exxon’s president for development, said today in a video conference with Russian President Vladimir Putin and Rosneft Chief Executive Officer Igor Sechin.