The British Ambassador to Russia, Dr Laurie Bristow, will lead the First Business is GREAT mission to Sakhalin on 22 - 24 May 2017.
The mission will be an opportunity for British companies to gain a better understanding of the Russian market and an insight into available opportunities in the Sakhalin region.
Why Sakhalin region?
Located on an island in the Far East of Russia, the Sakhalin region is one of the Russia’s major economic centres. It is a major oil and gas region: hydrocarbon reserves contain an estimated 14 billion barrels of oil and 2,700km3 of gas, and are being developed by consortiums of Russian and international companies including Exxon Mobil and Shell. It is home to Russia’s only operating LNG terminal, with plans for a major $5bn expansion.
But Sakhalin is not just about oil and gas. It has the 5th largest income per capita of any region in Russia. The region continues to maintain strong economic growth in a challenging economic environment. Foreign imports totaled $1.1bn in 2015.
Agriculture, construction, tourism and fishing are also major sectors. In total, the region has plans for 50 large and medium investment projects which will deliver more than $35bn of investment into the region. The region is also driving a $140m investment in 20 agricultural projects.
Existing links to the UK are strong with Shell and Wood Group PSN having major offices in Sakhalin. There is a thriving community of UK nationals and the Sakhalin local government has made clear that it welcomes UK companies and investors, and fully supports the British Embassy Mission.
If you are interested in the mission, please take a look at the attached the programme with more details on activities and costs.
To register, please contact Olga Klochkova, Senior Trade Adviser at DIT Russia (email@example.com , +7 495 956 7486) or Olga Shubina, Trade Adviser at DIT Russia (firstname.lastname@example.org , +7 495 956 74 89).
Registration is open until 27 April 2017.
Please note that to qualify for DIT trade services, a business must be able to demonstrate that it (or its principal) has an active UK trading address. We retain discretion regarding access to DIT service s
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