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Archive for September 26th, 2006

Sakhalin-I project includes unapproved changes

Changes to the building plan of an oil terminal being built by a consurtium led by Exxon Mobil Corp. have still not been cleared by regulatory authorities, a Russian official said Wednesday.
"The building of the De Kastri terminal is taking place with technical changes and additions that have not been approved," said Konstantin Pulikovsky, head [...]

Tuesday, September 26th, 2006

Tokyo’s response to situation around Sakhalin-2 was “excessive”

The Japanese government should respond more quietly to the situation around the Sakhalin-2 gas and oil project, shareholders of which include two big Japanese trade and investment corporations. This point of view was expressed at his first news conference by Minister of Economics and Industry Akira Amari who was appointed to this post on Tuesday [...]

Tuesday, September 26th, 2006

Sakhalin Energy says license withdrawal due to various issues

A spokesman for the developer of the Sakhalin-2 oil and gas project in Far East Russia Tuesday hinted that challenges to the consortium's license may not just be connected to alleged environmental violations.
"There are lots of coincidences" that suggest other issues might be at stake, Royal Dutch Shell-led Sakhalin Energy's vice president for corporate affairs, [...]

Tuesday, September 26th, 2006

New deadline for Sakhalin project

Russia has said it will delay halting Shell's $20bn (?10.5bn) gas and oil project off of its Pacific coast while it conducts a new environmental study.

Natural Resources Minister Yuri Trutnev said the probe may take up to a month.
Russian authorities have threatened to revoke the project's licence if concerns over its impact on the local [...]

Tuesday, September 26th, 2006

EBRD delays decision on Sakhalin-2 while situation remains unclear

The European Bank for Reconstruction and Development, which should have given its decision on financing for the Shell-led Sakhalin-2 oil and gas project this summer, said that it would delay its decision while the Russian legal position remained unclear.

Current uncertainty over the project 'does not allow the EBRD to progress' over the matter, a spokeswoman [...]

Tuesday, September 26th, 2006

Sakhalin Energy expects Oleg Mitvol’s check

On September 27-30, activists of ecological NGOs will visit Sakhalin region to assess the ecological situation in the region. Rosprirodnadzor (Russian federal environment protection agency) Deputy Head Oleg Mitvol will take part in the visit, REGNUM was informed at the ministry of natural resources.
It is planned that helicopters with the delegation aboard will fly over [...]

Tuesday, September 26th, 2006

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