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Archive for December 20th, 2006

Mitsui & Co, Mitsubishi to sell half their Sakhalin-2 stakes to Gazprom

Mitsui & Co Ltd and Mitsubishi Corp have decided to sell about half their stakes in the Sakhalin-2 project to Gazprom, Russia's state-run natural gas monopoly, the Nihon Keizai Shimbun reported, without citing sources.
Mitsui president Shoei Utsuda and Mitsubishi president Yorihiko Kojima are to meet Russian Industry and Energy Minister Viktor Khristenko in Moscow today, [...]

Wednesday, December 20th, 2006

Gazprom poses challenge to EU nations

From Portugal in the west to Ukraine in the east Gazprom is expanding its presence in the European market.
For the European Union, this rapid development represents both an opportunity and an economic and political challenge. While Gazprom insists its motives are purely commercial, its critics say the state-controlled gas group often acts as a political [...]

Wednesday, December 20th, 2006

Officials of 2 Japan Firms Head for Moscow Over Sakahlin-2 Project

Top officials of two Japanese trading houses have left for Moscow for negotiations with the Russian government over the terms of Russian state-owned gas monopoly Gazprom's participation in the Sakhalin-2 oil and gas development project, company sources said Wednesday.
Royal Dutch/Shell Group will join the two Japanese trading houses -- Mitsui & Co. and Mitsubishi Corp. [...]

Wednesday, December 20th, 2006

Gazprom may agree Sakhalin-2 deal Thursday

Russia's gas monopoly Gazprom is likely to announce a cash deal to join Royal Dutch Shell's Sakhalin-2 oil and gas project on Thursday, industrial sources said on Wednesday.
The sources said Shell CEO Jeroen van der Veer would make his third trip to Moscow in as many weeks on Thursday to meet Energy Minister Viktor Khristenko [...]

Wednesday, December 20th, 2006

Putin: Isolation of Russian Far East threat to national security

Russia's president said Wednesday the socio-economic isolation of the Far East region near China and its failure to effectively exploit its natural resources are a threat to national security.
Russia's Far East, plagued by poorly-developed infrastructure and corruption, has proved a problem area in the government's development efforts. The large inflow of illegal immigration from neighboring [...]

Wednesday, December 20th, 2006

Sakhalin Energy: Oil production shuts down for winter

The international energy consortium Sakhalin Energy Ltd. said Wednesday it had shut down its oil-producing operations for the winter, to be restarted around late May or early June.
The company shuts down oil production for the winter every year primarily because thick ice forms around the northern end of Russia's Sakhalin Island, making it difficult for [...]

Wednesday, December 20th, 2006

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