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Archive for December 21st, 2006

Putin says Sakhalin-2 environmental problems resolved

Russian President Vladimir Putin said Thursday that the Sakhalin-2 oil and gas project's environmental problems had been resolved and pledged the government's support for the project.
Putin was speaking at an evening meeting, at which Gazprom signed a U.S. $7.45 billion deal to buy a 50% plus one share stake in Sakhalin-2 from the project's shareholders.
"I'm [...]

Thursday, December 21st, 2006

Gazprom becomes Sakhalin II majority shareholder

Gazprom has purchased 50% plus one share of Sakhalin Energy, the project operator of the major Sakhalin II oil and gas project off Russia's Pacific Coast, for $7.45 billion, the Russian energy giant's CEO said Thursday.
"Gazprom becomes the project's majority shareholder and will jointly work with other shareholders to launch it as soon as possible," [...]

Thursday, December 21st, 2006

Putin: Russia leadership ready to meet investors halfway

Russian President Vladimir Putin assured foreign investors on Thursday that the Russian leadership is ready to meet them halfway, and that there have already been such cases.
"Shell is working not only on Sakhalin, but also in Siberia, at the Salim deposit. You remember there were problems there as well," the president said at a meeting [...]

Thursday, December 21st, 2006

Russia hopes to clear Sakhalin-2 ecology soon

Russia hopes to clear soon all ecological problems of the Sakhalin-2 oil and gas project via a dialogue between the resources ministry and the project's shareholders, Resources Minister Yuri Trutnev said on Thursday.
"The shareholders have a choice - make the project the best in terms of environment protection," Trutnev told a joint meeting with Royal [...]

Thursday, December 21st, 2006

Shell says Sakhalin-2 deal to affect reserve position

Royal Dutch Shell Plc said on Thursday an agreement to sell 50 percent plus one share in the Sakhalin-2 oil and gas project by the company and its Japanese partners to Russia's Gazprom will affect its reserves position.
"The change will affect our reserve position and probably also our future production outlook," Shell spokesman Andre Romeijn [...]

Thursday, December 21st, 2006

Gazprom joins Sakhalin-2 project

Russia's gas giant Gazprom has achieved agreement with Sakhalin Energy on its participation in the Sakhalin-2 project.
The two parties signed a memorandum to this effect at a ceremony attended by President Vladimir Putin.
Gazprom will have a 50-percent-plus-one-share stake in the project, being carried out production sharing terms.

Thursday, December 21st, 2006

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