By Upstream staff
Asian utility Tokyo Electric Power (Tepco) is not yet seeking alternative suppliers of liquefied natural gas as Shell’s Sakhalin 2 project faces the risk of delays.
The world’s single largest commercial LNG buyer is still gathering information about uncertainty regarding the $20 billion Sakhalin 2 project, the company’s president Tsunehisa Katsumata told a news conference.
It has committed to buy 1.5 million tonnes of the fuel from the Sakhalin 2 project every year, Reuters reported.
Earlier this week, Russia revoked ecological licences for the Sakhalin 2 project and Shell said on Thursday this may cause further delays to the project.
The project start had been already delayed to summer 2008 from the initial plan of 2007.
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