Low LNG prices see Sakhalin Energy’s profits down 56%

Sakhalin Energy, the operator of Sakhalin 2, saw its net profit fall by 56% year on year in 2016, to $869 million.
By Staff reporter 3 April 2017 0 25331

Sakhalin Energy, the operator of Sakhalin 2, saw its net profit fall by 56% year on year in 2016, to $869 million, according to company documents.

The drop was largely driven by a fall in LNG prices in Japan, the company’s main market for sales.

Revenue declined by 26%, to $4.6 billion, down from $6.2 billion a year earlier.

Sakhalin 2 is Russia’s only operational LNG plant.

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