Evening Standard
13 February 2006
ROYAL Dutch Shell's $20bn (£11.5bn) Russian natural gas project, Sakhalin 2, may face further delays, according to a top executive.
'I'm hoping we can meet the target but there's always a risk for further delay,' said Ian Craig, chief executive of the Sakhalin Energy consortium.
Shell said last July that it had delayed the first liquefied natural gas shipment from the project from the initial target of the end of 2007 because the Russian authorities had repeatedly postponed approval of annual capital expenditure plans.
Craig did not say where the risk of delays come from, although the project has angered environmentalists who say it threatens the habitat of many marine mammals.
However, he said the Sakhalin 2 project expects to secure financing of between $200m and $300m from the European Bank for Reconstruction and Development and added that Shell was also seeking financing from Britain's Export Credits Guarantee Department, the Japan Bank for International Cooperation and the ExIm bank of the US.
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30 November 2023: Posted by John Donovan
The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.
Extremely slow broadband for 10 months, not fixed. I have had slow broadband well below the guaranteed speed for 10 months and Shell Energy have not been able to fix it. They have tried sending about 4 or 5 engineers but have not fixed the problem. Gurps, who I have been dealing with most recently, has been friendly and polite, alth… Read more
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SHELL PROPPED UP APARTHEID
ARTICLE: U.S. unions urge boycott of Shell to fight apartheid: 19 Jan 1986
ARTICLE: Shell, South Africa and Apartheid: 16 Oct 2012
ARTICLE: Shell propped up racist apartheid regime in South Africa: 24 Nov 2012
ARTICLE: The Neptune Strategy:Shell, propped up Apartheid in South Africa: 26 Nov 2012
ARTICLE: Shell accused of benefiting from South African apartheid-era land law: 21 March 2013
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