2009-08-19-2007-02-01-2007-02-01

Reserves: 4 BBOE

Gazprom, Moscow, (London: OGZD) has acquired a 50% stake plus one share in Russia-based Sakhalin Energy Investment Co. Ltd., operator of the Sakhalin II project, for US$7.45 billion in cash. The current Sakhalin Energy partners each diluted their stakes by 50%. Royal Dutch Shell Plc, London, (NYSE: RDS.A) will retain a 27.5% stake, Mitsui & Co. Ltd., Tokyo, (Nasdaq: MITSY) will retain 12.5% and Mitsubishi Corp., Tokyo, (Pink Sheets: MSBHY) will retain 10%. Sakhalin Energy is to provide liquid natural gas to be delivered to customers in Japan, Korea and the North American West Coast. The Sakhalin II project has production capacity of 80,000 barrels of oil equivalent per day and total reserves of 4 billion barrels equivalent.