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The Times: Sakhalin: application could be turned down

A report published by the European Bank for Reconstruction and Development today said Shell's plans for oil and gas pipelines in eastern Russia had environmental shortcomings. Reuters reported.
The bank is considering whether to extend a loan to the Shell-led Sakhalin Energy consortium for the $20 billion Sakhalin-2 project.
The application could be turned down if the bank decides the project fails to meet its environmental rules.

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