Project design including front-end engineering and design documentation for the plant, associated facilities and gas pipeline, as well as engineering studies and environmental impact assessment are expected to be completed by the end of 2014.

Separate contracts will be awarded to CB&I and Foster Wheeler for the initial phase FEED, for which the scope of work includes a conceptual project including finalizing details for an LNG plant site, gas liquefaction technology as well as construction method.

The work product of the companies will be assessed by Rosneft and ExxonMobil, based on which a contract will be awarded for the second phase of FEED, following submission by the companies of their respective concepts and design.

According to Rosneft, the liquefaction plant design capacity of the project is expected to be five million tons annually, which may be expanded in the future.

Natural gas feedstock to the plant will be provided by Rosneft’s reserves in the Far East and other Sakhalin gas resources.

ExxonMobil Russia president Glenn Waller said, "Special attention will be given during the design phase to reduce the environmental impact on the unique ecosystem of the area and to developing local infrastructure."