VLADIVOSTOK, Sept. 25 (Xinhua) -- Over 400 participants of an international conference are discussing the prospect of Russian Sakhalin oil and gas projects, RIA Novosti news agency reported Tuesday.
Held in southern Yuzhno-Sakhalinsk city of Russia on Sept. 24-27, the "Sakhalin Oil and Gas 2012" is the 16th annual conference for oil and gas professionals either active or interested in energy projects of the Russian Far East.
The managers of oil and gas companies will present the latest information on the Sakhalin shelf projects, as well as on the shelf of Magadan, Kamchatka, Chayandinskoye field and others.
The first nine similar conferences were held in London, popular with Western businessmen. The forum has been held in the Russian Far Eastern Sakhalin Island since 2006.
The Sakhalin region has the fourth largest oil reserves in Russia, with main consumers coming from Asia-Pacific countries, including Japan, China, South Korea, and the United States.
The international projects being implemented on the regional shelf include Sakhalin 1 and Sakhalin 2.