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UpstreamOnline: Tepco waits on Sakhalin news

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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