Yuzno.com

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. [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]