September 20, 2006

Sept. 20, 2006: Sakhalin-2

Russia pressures shell on us$20b oil/gas project, NatPost/FinPost, Sept. 20, 06

[....] Analysts suspect the Kremlin will ratchet up the pressure to the point where Shell would be forced to surrender long-established production deals to give Russia a bigger slice.

"The Russians want in, full stop," said UBS's chief Moscow economist, Al Breach. "Russia does not want these big fields run by foreign companies. They are putting pressure on Shell to come to a deal. It's all about money." [....]

Sakhalin-2 involves the construction of the world's biggest liquefied natural gas (LNG) plant with capacity of 9.6 million tonnes a year that would supply customers in Japan, the United States and Asian countries. [....]

Search: asset swap talks , revoke environmental approval , hurt diplomatic relations

Perhaps ex-PM Jean Chretien could ride to the rescue consult as he did previously ... on Yukos, wasn't it? Check further.


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