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Archive for August 3rd, 2006

Torrential flooding puts Sakhalin II pipeline under threat

Torrential flooding in Russia's Far East could destroy an oil and gas pipeline in one of the country's most ambitious energy projects, the Natural Resources Ministry said Thursday.
According to a report from the Russian Academy of Sciences on geological processes endangering shoreline-pipelines in the Sakhalin II energy project and submitted to Oleg Mitvol, a deputy [...]

Thursday, August 3rd, 2006

Shell shaken by Sakhalin dictat

Shares in Royal Dutch Shell slipped 20p to 1952p today on reports that the oil giant has been ordered to suspend construction of a pipeline on Russia's Sakhalin Island off the eastern coast of Siberia.
Oleg Mitvol, deputy head of the ecological unit at Russia's Resources Ministry, asked for the suspension because of concerns over safety [...]

Thursday, August 3rd, 2006

Russian minister orders Sakhalin Energy to stop pipe-laying

The Russian Natural Resources Ministry has instructed the Sakhalin Energy Invest Ltd. consortium to stop laying an oil pipeline along the shore of the Sakhalin island.
The Ministry said in a statement that the pipe, as is being laid at present, is vulnerable to floods from mountain rivers and thus represents an environmental hazard.

Thursday, August 3rd, 2006

Exxon Neftegaz Eager to Have a Backup Pipeline to China

Sakhalin-1 operator, Exxon Neftegas, intends to lay a 500km gas pipeline to China en route of currently constructed Okha-Khabarovsk pipeline. The project value is $1 billion. But Gazprom may curtail this inspiration of Exxon Neftegas. The gas monopoly of Russia needs no competitor in delivering gas to Asia.

Thursday, August 3rd, 2006

Rosprirodnadzor advances claims to Sakhalin-2 project

The Federal Service for Supervision of Natural Resource Usage (Rosprirodnadzor) suggests stopping the construction of a shore oil-and-gas pipeline under Sakhalin-2 project, as the Ministry of Natural Resources informs.
The reason is that the shore oil-and-gas pipeline can be destroyed by mud flows. To decrease risks, it is suggested that the construction of the pipeline should [...]

Thursday, August 3rd, 2006

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