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Posts on ‘September 26th, 2006’

Email to Jeroen van der Veer: the Sakhalin II crisis

Dear Mr Van der Veer Can I please press you to clear up the confusion over the projected cost of the Sakhalin II project? My father, Alfred Donovan, raised this vitally important issue in his email to you yesterday (Email to Jeroen van der Veer: Resolving the Sakhalin II impasse). It is imperative because the […]

Regnum – Moscow, Russia: Sakhalin Energy expects Oleg Mitvol’s check

On September 27-30, activists of ecological NGOs will visit Sakhalin region to assess the ecological situation in the region. Rosprirodnadzor (Russian federal environment protection agency) Deputy Head Oleg Mitvol will take part in the visit, REGNUM was informed at the ministry of natural resources. It is planned that helicopters with the delegation aboard will fly […]

RosBusinessConsulting: Federation Council to examine Sakhalin-2 project agreement

RBC, 26.09.2006, Moscow 18:27:59. The Russian Federation Council has instructed the concerned committees to clear up the situation surrounding the Sakhalin-2 project. Thus, the Federation council instructed the Committee for Economy, Business and Property and the Committee for Science, Culture, Education, Healthcare and Environment to work out the issue.  The Federation Council Chairman Sergei Mironov […]

Bloomberg: Russia Delays Shell Cancellation Threat to Oct. 20 (Update2)

By Torrey Clark Sept. 26 (Bloomberg) — Russia gave Royal Dutch Shell Plc almost a month to remedy violations at the $22 billion Sakhalin-2 oil and gas project, before the government decides whether to cancel a key permit for the development. Shell must respond to government requests for proposals on fixing environmental and safety problems, […]

The St. Petersburg Times: France Demands Total Support Over Oil License

Reuters 26 September 2006   PARIS — France hopes Russia will allow energy company Total to continue with its production sharing agreement in Western Siberia, Foreign Minister Philippe Douste-Blazy said on Sunday.The Vremya Novostei newspaper on Friday quoted a source close to Russia’s Natural Resources Ministry as saying that it was only a matter of […]

Reuters: Russia calls time-out in campaign against Shell

26 Sep 2006 16:14:19 GMT Source: Reuters By Elif Kaban and Gleb Bryanski MOSCOW, Sept 26 (Reuters) – Russia called a time-out on Tuesday in its campaign against environmental violations and cost overruns at Royal Dutch Shell’s Sakhalin-2 oil and gas project after strong criticism from foreign governments. In an announcement likely to ease tension, […]

BBC News: New deadline for Sakhalin project

26 Sept 2006 Russia has said it will delay halting Shell’s $20bn (£10.5bn) gas and oil project off of its Pacific coast while it conducts a new environmental study. Natural Resources Minister Yuri Trutnev said the probe may take up to a month. Russian authorities have threatened to revoke the project’s licence if concerns over […]

AFX News: EBRD delays decision on Sakhalin-2 while situation remains unclear

26 September 2006 LONDON (AFX) – The European Bank for Reconstruction and Development, which should have given its decision on financing for the Shell-led Sakhalin-2 oil and gas project this summer, said that it would delay its decision while the Russian legal position remained unclear. Current uncertainty over the project ‘does not allow the EBRD […]

Bloomberg: Russia Delays Shell Cancellation Threat to Oct. 20 (Update1)

By Torrey Clark Sept. 26 (Bloomberg) — Russia gave Royal Dutch Shell Plc almost a month to remedy violations at the $22 billion Sakhalin-2 oil and gas project, before the government decides whether to cancel a key permit for the development. Shell must respond to government requests for proposals on fixing environmental and safety problems, […]

The Houston Chronicle: Russian Auditors Query Shell Gas Project

By ALEX NICHOLSON AP Business Writer © 2006 The Associated Press 26 September 2006 MOSCOW — Russian authorities will try to avoid shutting down a Shell-led liquefied gas project off the eastern island of Sakhalin, the natural resources minister said Tuesday. But the minister, Yuri Trutnev, warned that the project was riddled with serious environmental […]

Reuters: Russian politicians emphasise Shell’s rights

Tue Sep 26, 2006 MOSCOW, Sept 26 (Reuters) – The speaker of Russia’s upper house of parliament and the governor of Sakhalin island on Tuesday emphasised the economic rights of the Shell-led (RDSa.L: Quote, Profile, Research) Sakhalin-2 project, which has been under fire from Moscow. Their comments offered encouragement to the oil and gas project […]