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2013 October 2   09:15

Sakhalin may lose competitive ability in global market of hydrocarbons, Sakhalin Governor says

Sakhalin succeeds in competition with the states of the Asia-Pacific region in the sphere of hydrocarbons supplies owing to logistics advantages. However accumulated lagging in this sphere may result in the loss of its competitive ability, Sakhalin Governor Aleksandr Khoroshavin said at the 12th International Investment Forum Sochi-2013. 

He also said that investments into the Sakhalin region in 2013 are expected at the level of the previous year, some RUB 165-170 bln. However, with the construction of a new LNG plant, the region expects a new investment boom, he said.

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