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Archive for December 12th, 2006

Sakhalin-2 concerns to be resolved in Q1 2007

All matters to do with Sakhalin-2, including the project's budget, will be settled before the end of the first quarter of 2007, Russian Industry and Energy Minister Viktor Khristenko told Vesti 24 TV today.
He pointed out that the project's shareholders and the government were holding talks on a regular basis.

Tuesday, December 12th, 2006

Russia Using Environmentalism To Nationalize Oil Companies And Control European Gas Supplies

Russia is using environmentalism to return to its communist roots as it nationalized a $20 billion Shell Oil natural gas project under the guise of environmental concerns, bringing the world's largest natural gas venture under control of the state-owned energy group Gazprom. Russia is also pressuring British Petroleum over ostensible environmental violations in Siberia in [...]

Tuesday, December 12th, 2006

Requirements for Gazprom in Sakhalin-II same as for other investors

Gazprom will face the same requirements as other investors should it join the oil and gas project Sakhalin-II in Russia's Far East, the Russian industry and energy minister said Tuesday.
"If Gazprom joins other participants in the [Sakhalin-II] project, then it will have to follow all the obligations of the [production-sharing] agreement, including the requirements of [...]

Tuesday, December 12th, 2006

Blair says Shell Sakhalin case highlights need for energy supply diversity

Royal Dutch Shell PLC's handover of control over the giant 20 bln usd Sakhalin-2 gas project highlighted the need for Britain to secure a diverse energy supply, said Prime Minister Tony Blair.
Asked about the saga at his monthly press conference, Blair declined to comment on the actions of Shell, Gazprom or the Russian government 'because [...]

Tuesday, December 12th, 2006

Sakhalin-2 owners ’surrender’ to Kremlin

The foreign companies running a giant Russian natural gas project in the North Pacific are surrendering to Kremlin demands for control of the venture.
Royal Dutch Shell PLC and its two Japanese partners, which are developing the Sakhalin-2 liquid natural gas, or LNG, project, are offering the Kremlin-controlled OAO Gazprom energy conglomerate majority control in the [...]

Tuesday, December 12th, 2006

Russians object to foreign exploration of natural resources

Half of the Russian population (50 percent) believes that exploration of natural resources in Siberia and the Far East by foreign companies is unacceptable, a poll carried out by the All-Russian Public Opinion Research Center (VCIOM) in November showed.
Some 34 percent of respondents said that foreign companies should gain access to the resources only in [...]

Tuesday, December 12th, 2006

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