Headquarters: Moscow
Date: 25/12/2006
MOSCOW (RNWire) – OAO Gazprom, Royal Dutch Shell plc (Shell), Mitsui &Co., Ltd. (Mitsui) and Mitsubishi Corporation (Mitsubishi) have signed a Protocol on Gazprom’s joining Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) as the main shareholder. In accordance with the Protocol terms, Gazprom will purchase a 50 per cent stake plus 1 share in Sakhalin Energy for US$ 7.45 bln. To execute the deal each of Sakhalin Energy’s shareholders will decrease its stake by 50 per cent with recompense to be allocated on a proportional basis. As a result, Shell will own a 27.5 per cent stake, and Mitsui and Mitsubishi – 12.5 per cent and 10 per cent of shares, respectively.
December 25th, 2006:
RussianNewswire: Gazprom, Shell, Mitsui and Mitsubishi Sign Protocol on Sakhalin-2 Project
BBC News: Georgia in gas deal with Turkey
Monday, 25 December 2006, 09:25 GMT
Georgia plans to buy 800 million cubic metres of gas from Turkey next year, almost half of its needs, Georgian Energy Minister Nika Gilauri says.
The price it will pay for the gas under this deal has not been disclosed.
Georgian officials have made clear their desire to reduce the country’s dependence on Russian gas.
But the BBC’s Matthew Collin in Tbilisi says Georgians cannot be certain they will be receiving gas from other sources until a deal has been signed.