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Sakhalin: Daltarnsgaz may fail to pay dividends

Daltransgaz's BOD recommended the shareholders not to pay dividends for 2006, said in the company's announcement.

During the meeting the shareholders will approve annual report, year-end financial statements, choose an auditor, BOD members and revision committee, distribute the profit.

Daltransgaz was founded in 2000 to realize the project of Sakhalin gas deliveries to the Far East. The gas pipeline construction is financed through the increase in its authorized capital.

According to the information given by Rosneft 4.1 milrd rubles were spend on the realization of the project by 2005.

© "AK&M"

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