Royal Dutch Shell Plc  .com Rotating Header Image

AFX News Limited: Project costs on Shell’s Sakhalin-2 could rise to 28 bln usd – report

10.22.2006, 11:40 AM

LONDON (AFX) – Costs on the politically sensitive Royal Dutch Shell-led Sakhalin-2 gas project in Russia could rise to 28 bln usd, the Observer reported citing a leaked Russian government report.

The report by the mineral services division of the Russian Ministry of Natural Resources states that operational costs will rise from a predicted 15 bln usd in 2003 to 28 bln usd.

The Observer also reported, citing unnamed Russian sources, that a deal could be struck soon to give Russian state energy firm Gazprom a stake of about 25 pct in the Sakhalin project’s Liquefied Natural Gas (LNG) plant which intended to supply gas to eastern Asia and America.

This would mean that Shell’s majority share evaporates.

[email protected]

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.