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October 1st, 2004:

Shell rejects report Tokyo forced pullout of East China Sea gas project

ChannelNewsAsia.com: Shell rejects report Tokyo forced pullout of East China Sea gas project

“Anglo-Dutch oil giant Royal Dutch/Shell vigorously denied that its withdrawal from a politically sensitive gas project in the East China Sea was due to pressure from the Japanese government.”

01 October 2004

SHANGHAI : Anglo-Dutch oil giant Royal Dutch/Shell vigorously denied that its withdrawal from a politically sensitive gas project in the East China Sea was due to pressure from the Japanese government.

“The project did not meet our commercial criteria,” Nick Wood, a Shell spokesman told AFP, explaining that the decision that the decision was purely a commercial one.

According to a report in the Mainichi Shimbun, Japan told the oil majors via Washington that their investment would be risky as the planned gas field was located in an area disputed between Tokyo and Beijing. read more

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