[citation needed] The company's principal activities are the production and export of crude oil (since 1999) and liquefied natural gas (from 2009).

[5][6] The consortium then developed into its current form, consisting of Russia's Gazprom, Royal Dutch Shell, and Japan's Mitsui and Mitsubishi.

On 30 June 2022, Russian President Vladimir Putin signed a decree ordering the transfer of the Sakhalin-2 project to a new domestic operator.

The infrastructure of the Sakhalin-II project includes: About 4% of global supply of LNG comes from the Prigorodnoye production complex.

[11] In June 2020, Sakhalin Energy's oil and has production licences were extended for five years, after being awarded in 1996 and due to expire in 2021.