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Archive for September 19th, 2006

Japan Slams Russia Over Suspending Sakhalin II Gas Project

In Tokyo, Shinzo Abe, who is expected next week to become prime minister of Japan, slammed Russia for suspending the Sakhalin II natural gas project, which is 45 percent owned by Japanese trade companies, saying that it would "damage relations between Russia and Japan."
The difficulties put in jeopardy contracts with Japan, South Korea and the [...]

Tuesday, September 19th, 2006

Russian State Duma to control Sakhalin-2 situation

Russian State Duma will control the situation around the Sakhalin-2 project, Chairman of the State Duma International Affairs Committee Konstantin Kosachyov told a Tuesday press briefing.

"I do not see any reason for saying that the Federal Nature Usage Supervisory Service was politically motivated," he said. "There must be no politics in the service's conduct."
At the [...]

Tuesday, September 19th, 2006

Cynical in Sakhalin

Russia's concern for the grey whale and the Sakhalin salmon is as pleasing as it is surprising. After all, Russia's most famous fish, the sturgeon, is threatened with extinction because of overfishing, dam-building and industrial pollution. Though environmentalists will welcome Russia's plans to suspend the $20bn Sakhalin-2 energy project, run by Royal Dutch Shell, others [...]

Tuesday, September 19th, 2006

Russia’s Gazprom suspends assets swap talks with Shell

Russia's Gazprom said on Tuesday it had suspended assets swap talks with Royal Dutch/Shell because of uncertainty over Shell's Sakhalin-2 oil and gas project, dealing another blow to the $20 billion venture.
In Brussels, the European Commission said it was taking "very seriously" Russia's decision, announced on Monday, to revoke environmental approvals for Sakhalin-2 in Russia's [...]

Tuesday, September 19th, 2006

EU seriously concerned over Russia’s cancellation of Shell’s permit

Russia's cancellation of the permit given to Royal Dutch Shell PLC as a part of the $20 billion Sakhalin-2 oil and gas project has drawn the ire of the European Union. The EU's energy chief said that they were taking the unilateral move very seriously.

EU Energy Commissioner Andris Piebalgs said that he would be talking [...]

Tuesday, September 19th, 2006

UK “deeply concerned” about Russia Sakhalin moves

The United Kigdom government said on Tuesday it was deeply concerned about a string of official actions that have jeopardised a $20 billion (10.6 billion pounds) oil and gas investment at Sakhalin Island in East Russia, being led by oil giant Royal Dutch Shell Plc.

Tuesday, September 19th, 2006

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