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Posts on ‘September 19th, 2006’

ENS-Newswire: Russia Revokes Permit for Sakhalin Energy Project

September 19, 2006     MOSCOW, Russia, September 19, 2006 (ENS) – Russian environmental officials have withdrawn a key permit for a massive oil and gas project off the coast of the Sakhalin Island, citing concerns that work on pipelines was harming salmon runs. The decision was praised by environmentalists, but drew sharp criticism from Japanese and […]

UPI: Russia busting Sakahlin contracts: virtual takeover of a Royal Dutch Shell PLC project

MOSCOW, Sept. 19 (UPI) — The Kremlin has begun what observers say is a virtual takeover of a Royal Dutch Shell PLC oil and natural gas project in Russia’s far eastern region. The government’s environmental agency annulled the company’s approval to operate the Sakhalin-2 venture, one of the world’s largest, MosNews said. The move comes […]

International Herald Tribune: An outcry over fate of gas project in Russia

Agence France-Presse, Bloomberg News, Reuters Published: September 19, 2006 Russia’s decision to revoke environmental approvals for one of the world’s biggest energy projects caused widening concern, as Shinzo Abe, the next Japanese prime minister, warned of a chill in diplomatic relations and the European Commission said it was closely watching Moscow’s actions.   Gazprom, the […]

Dow Jones Newswires: Russian Ministry Cancels Sakhalin Environment Permit

19 September 2006 / 17h24      MOSCOW -(Dow Jones)- Russia’s Natural Resources Ministry has approved the cancelation of a key environmental permit for the Sakhalin-2 oil and gas project, Oleg Mitvol, the deputy head of Russian’s environmental watchdog, Rosprirodnadzor said Tuesday. The move confirms a decision first aired Monday and will likely delay work on […]

Reuters: Russian pressure on Shell alarms UK

Tue Sep 19, 2006 4:20 PM BST By Dmitry Zhdannikov and Elif Kaban MOSCOW (Reuters) – Russia stepped up the pressure on Royal Dutch Shell (RDSa.L: Quote, Profile, Research) and its Japanese partners on Tuesday over a $20-billion (10.6 billion pounds) oil and gas development in the Far East, sparking protests from Tokyo, Brussels and […]

Daily Mail: Russia fuels foreign oil firms’ fears

Lucy Farndon, 19 September 2006 RUSSIA flexed its muscles again, adding to fears that foreign oil firms will be sidelined as its prize oilfields are developed. Its Natural Resources Ministry has revoked environmental permits allowing Royal Dutch Shell’s consortium to proceed with its £11bn Sakhalin-2 gas project. Meanwhile, the Kremlin-supported gas monopoly Gazprom is tipped […]

Financial Times: Russia’s stance on Shell sends a chilling message

By Neil Buckley in Moscow Published: September 19 2006 03:00 | Last updated: September 19 2006 03:00 The Russian authorities’ withdrawal of a key permit for a Shell-led natural gas project follows months of pressure on three large foreign energy investments in the country that has come to a head in recent days. The three […]

Financial Times: Russia cancels Shell permit for Sakhalin-2

By Neil Buckley in Moscow Published: September 19 2006 03:00 | Last updated: September 19 2006 03:00 Russian authorities cancelled a key environmental permit for a $20bn (£10.7bn) energy project led by Royal Dutch Shell, in a move that could halt work on one of the world’s biggest oil and gas ventures. The cancellation by […]

Message from Ian Craig, CEO, Sakhalin Energy

Action taken by Ministry of Natural Resources Update: Developments regarding the Russian Ministry of Natural Resources’ decision to revoke the SEER 600 – the environmental permit for the Phase 2 Project. On Saturday 16 September, a public statement was issued by the General Prosecutor’s (GP) Office of the Russian Federation concerning the opinion of the […]

Financial Times: Lex Column: BP/Shell/Russia

Published: September 19 2006 03:00 | Last updated: September 19 2006 03:00 The latest delay to its Thunder Horse project in the Gulf of Mexico will heighten investors’ concerns about BP’s US business. Unfortunately, further uncertainty is building on the other side of the globe. In Russia, Gazprom is said to be interested in taking […]

RIA Novosti: Russia says to honor PSAs, as Sakhalin energy project woes mount

14:47 | 19/ 09/ 2006 MOSCOW, September 19 (RIA Novosti) – Russia may stop using production-sharing agreements for mineral deposits but will honor contracts being implemented, the economic development and trade minister said Tuesday. German Gref also said the government could not support all the proposals made by foreign companies on spending on the Shell-led […]

Platt’s: Gazprom, Shell halt Sakhalin-2 asset swap talks for over a year

Moscow (Platts)–19Sep2006 Talks between Russian Gazprom and Shell over a stake in the Dutch company’s Sakhalin-2 project stalled over a year ago because of economic uncertainties with the project, not the cancellation of an environmental permit Monday, a Gazprom spokesman said Tuesday. “The decision of the natural resources ministry [to revoke the permit] has not […]

Financial Times: Japan rebukes Russia over Sakhalin-2

By David Pilling in Tokyo Published: September 19 2006 11:02 | Last updated: September 19 2006 11:02 Japan on Tuesday rebuked Russia for suspending a huge natural gas project 45 per cent owned by Japanese trading companies, saying it “may hurt the overall relationship between the two countries”. Moscow’s decision to withdraw an environmental permit […]

UpstreamOnline: Japan warns against Sakhalin delay

By Upstream staff Japanese Chief Cabinet Secretary Shinzo Abe has warned that diplomatic relations with Russia could be hurt by Russia’s revocation of environmental approvals for Shell’s Sakhalin 2 project. He spoke after Russia stripped the development of its environmental approval. “I am concerned that major delays might have a negative influence on overall Japan-Russian […]

UpstreamOnline: Piebalgs’ concern at Sakhalin moves

By Upstream staff The European Commission said today that it took “very seriously” a decision by Russia to revoke environmental approvals for the $20 billion Sakhalin 2 oil and gas project led by Shell. “I take this announcement very seriously indeed,” Energy Commissioner Andris Piebalgs said in a statement, adding that Shell should be given […]

UpstreamOnline: Gref claims production sharing ‘outdated’

By Upstream staff Russian Economy Minister German Gref said today production sharing deals were an outdated mechanism to attract foreign investment but added that all existing deals should be respected. The move follows weeks of tensions between the government and Shell, which climaxed yesterday when the Resources Ministry revoked ecological approvals for the second, main […]

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