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Archive for July 21st, 2006

Gazprom Hopes to Complete Talks on Participation in Sakhalin-2 Project Soon

As announced by representative of Gazprom's information department, at present the company continues negotiations with project operators.
Note that in 2005 'Gazprom' signed a memorandum of understanding with Britain's Shell. In accordance with this document 'Gazprom' is to acquire 25% plus one share of 'Sakhalin Energy' in exchange for 50% of JV 'Zapolyarnoye-neocom'.

Friday, July 21st, 2006

ONGC keen to bring Sakhalin-1 gas to India

Oil and Natural Gas Corp., India's most valuable firm, is keen on liquefying its share of gas from Russia's Sakhalin-1 project and shipping it to India, an oil ministry official said on Friday.
India has been encouraging power and fertiliser plants to switch to cheaper gas from naphtha to cut costs. This has lead to a [...]

Friday, July 21st, 2006

Russian Authorities to Review Shell’s Sakhalin-2 Project for Cost Overruns

Russia's Natural Resources Minister Yuri Trutnev said on Thursday that next week the country's authorities will begin a month-long audit of Shell's giant Sakhalin-2 oil and gas project in the Far East. As MosNews has already reported, Russian authorities are criticizing Shell for delays and cost overruns which they say threaten national interests.
The Russian government [...]

Friday, July 21st, 2006

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