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Archive for September 22nd, 2006

S.Korea’s KOGAS in talks with alternate LNG suppliers

South Korea's dominant LNG importer is already in talks with alternate LNG suppliers in case Royal Dutch Shell's $20 billion Sakhalin project is delayed, a company source said on Friday.

"As alternative plans, we have been contacting other suppliers to secure contracts, but I cannot reveal who they are," said an official from Korea Gas Corp. [...]

Friday, September 22nd, 2006

Dutch PM wants answers on Sakhalin

Dutch Prime Minister Jan Peter Balkenende has spoken to Russian President Vladimir Putin regarding the Sakhalin energy project, in which Anglo-Dutch oil concern Shell has a majority stake, an official spokesman said in The Hague Friday.

The spokesman said the two leaders had discussed a range of topics during a phone conversation Thursday, but that the [...]

Friday, September 22nd, 2006

UK goverment pursuing talks with Moscow over Sakhalin

Britain is pursuing Russia over its decision to revoke environmental approval for a vast oil and gas investment being led by oil giant Shell, a senior Foreign Office official said on Friday.

Foreign minister Margaret Beckett spoke to her Russian counterpart in New York this week on Shell's Sakhalin-2 oil and gas field project, the official [...]

Friday, September 22nd, 2006

Shell Faces Sakhalin Grab as Putin Seeks Greater Energy Control

First Russian President Vladimir Putin attacked OAO Yukos Oil Co. Now it's Royal Dutch Shell Plc. This week's threat to shut down Shell's $20 billion development on Sakhalin Island, the country's biggest foreign investment, is another maneuver to force companies operating in Russia to share more profits with the government, analysts said. It's a reminder [...]

Friday, September 22nd, 2006

Sakhalin governor: It is nonsense to stage show around Sakhalin 2 problems

All remarks, which were addressed to the Sakhalin 2 operator, may not be used as reason to halt the project; on September 21, Sakhalin region Governor Ivan Malakhov stated to the press; REGNUM was informed at the regional administration information department. Also, he added that "the company should react to the remarks, as well as [...]

Friday, September 22nd, 2006

Rosneft Gets Closer to Sakhalin-1

Rosneft has launched a new project on the Sakhalin shelf, in Russia's Far East. The oil company has secured an exploration license for the Lebedinskoye deposit, near the Odoptu field of the landmark Sakhalin-1 project. Experts say that the rights on the Lebedinskoye will probably make it possible for Rosneft to increase its 20 percent [...]

Friday, September 22nd, 2006

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