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RosBusinessConsulting: ecological damage from Sakhalin-2 may exceed $50bn

Estimated damages from Sakhalin-2 project announced

RBC, 27.09.2006, Moscow 16:37:57.

The ecological damage from the Sakhalin-2 project may exceed $50bn, Deputy Head of Rosprirodnadzor Oleg Mitvol told journalists commenting on the statement made by the Vice President of Sakhalin Energy Igor Ignatiev that if the project was suspended direct losses would total $10bn.

Mitvol noted that Rosprirodnadzor had launched a complex inspection of the project on September 26. The inspection will last till October 25. After the inspection is completed Rosprirodnadzor will file a report and estimate the ecological damage.

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