Gazprom discovers new gas deposit in Sea of Okhotsk

• Gazprom (OTCPK:OGZPY) says it discovered a new gas deposit during exploration at the Kirinskoye field in the Sea of Okhotsk near Russia's Sakhalin island, a find that could prove crucial for its plans to raise liquefied natural gas production at its Sakhalin-2 plant on the island.
• Royal Dutch Shell (RDS.A, RDS.B), which also has a stake in the plant which produces 10M metric tons/year of LNG, may also get a share in the Kirinskoye field as part of an asset swap deal with Gazprom, although the prospects are uncertain because of sanctions for Russia's role in the Ukraine crisis.
• Gazprom has not disclosed the reserves of the newly discovered deposit.