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Archive for February, 2007

Kuril dispute affects trade relations

Russia's prime minister urged Japan Tuesday not to allow a long-standing territorial dispute block bilateral trade or hinder economic relations.
Russia and Japan have contested the ownership of the Kuril Islands for over 60 years. Japan maintains that their seizure by the Soviet Union at the end of World War II was illegal, and the dispute [...]

Tuesday, February 27th, 2007

Second Phase of ‘Sakhalin-2′ Project Completed by 80%

The second phase of Sakhalin-2 Project is 80% complete. The platform 'Piltunskaya-B' is to be installed in Piltun Bay in summer 2007.
'With its help we will be able to extract 70 thousand barrels of oil and 92 million tons of gas per day. Upper supports of the platform weigh 28 thousand tons, its installation will [...]

Tuesday, February 27th, 2007

Sakhalin I oil and gas project undecided on transport strategy

Shareholders in the Sakhalin I oil and gas project in Russia's Far East and regional authorities disagree on the best method of transporting the gas, the governor of the Sakhalin Region said Tuesday.
Ivan Malakhov said transporting the liquefied natural gas by sea is more advantageous than constructing a gas pipeline to China, which is favored [...]

Tuesday, February 27th, 2007

South Korea opens consular office in Yuzhno-Sakhalinsk

The Consulate General of the Republic of Korea in Vladivostok has opened its office in Yuzhno-Sakhalinsk on Tuesday, the press service of the committee of international, external economic and regional relations of the Sakhalin Region reported.
Two South Korean diplomats and eight local residents will work at the consular office. The office will be engaged in [...]

Tuesday, February 27th, 2007

Russia looks for EBRD money again

Russia's energy minister says the new owners of the Sakhalin-2 project -- state-owned Gazprom -- should reapply for European development bank money.
Viktor Khristenko, minister of Russian industry and energy, said during a visit to Tokyo Monday Sakhalin Energy should attempt again at loans from the European Bank for Reconstruction and Development for the more than [...]

Tuesday, February 27th, 2007

Japan interested in Sakhalin-1 LNG

Japan would be keen to acquire liquefied natural gas from Sakhalin-1 in Russia's Far East if the energy project changes its plan to ship natural gas by pipeline, the Japanese government said on Monday.
Japanese Foreign Minister Taro Aso told visiting Russian Energy Minister Viktor Khristenko that Japan would be interested in LNG from the Sakhalin-1 [...]

Monday, February 26th, 2007

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