By ELIZABETH JAMES
RUSSIA tightened the screw on Royal Dutch Shell and its partners yesterday.
The state-owned energy giant Gazprom revealed that crucial talks over a stake in an £11 billion gas and oil project had stalled.
The move came as authorities in Europe, London and Tokyo voiced deep concerns over the Kremlin’s decision to revoke environmental approval for the Sakhalin 2 project.
They also expressed fears for other foreign investments in the country. Gazprom was in talks with Shell, which runs Sakhalin 2 in partnership with Japanese giants Mitsubishi and Mitshui, over a possible asset swap which would have seen the Russians with a 25% chunk.
But the Russians said talks had gone “nowhere” for months because of cost overruns.
Britain’s government yesterday said that it it was “deeply concerned” by the situation.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
