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Archive for January 10th, 2007

Cyclone leaves parts of Yuzhno-Sakhalinsk without electricity

Several districts in the Sakhalin city of Yuzhno-Sakhalinsk are still facing electricity shortages after a cyclone hitting the island on January 7 to 8, the press centre of the mayor's office reported on Wednesday.
The sources said electricity supply has not yet been restored to 63 private and municipal houses. Repair brigades work at the site.
Road [...]

Wednesday, January 10th, 2007

India to bargain for stake in future Sakhalin projects

India will make a strong plea for Indian firms getting a stake in future Sakhalin projects in Far East Russia when Russian President Vladimir Putin visits New Delhi later this month.
With ONGC Videsh Ltd's 20 per cent stake in Sakhalin-I fields fetching the country 2.4 million tonnes of crude per annum, India, which is 73 [...]

Wednesday, January 10th, 2007

Gazprom wrests control of Sakhalin-2 gas project from Shell

The state-owned Russian energy conglomerate Gazprom has taken majority control of the multibillion-dollar Sakhalin-2 oil and gas project, previously majority-owned by the Anglo-Dutch firm Royal Dutch Shell. Months of negotiations, threats of legal action and government pressure from Russia, Japan, Britain and Holland ended on December 21 with Shell acquiescing to Gazprom's offer of $4.1 [...]

Wednesday, January 10th, 2007

China braces for rising gas prices

When Belarus reluctantly accepted a sharp rise in the price of Russian gas in the dying minutes of 2006, China started preparing for higher natural-gas prices in the middle and long terms.
A last-minute natural-gas pricing deal between Russia and Belarus was inked on December 31 under which Belarus would have to buy Russian gas at [...]

Wednesday, January 10th, 2007

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