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The Moscow Times: Sakhalin II: Gref Sees a Compromise

Thursday October 12, 2006

FRANKFURT — The government and companies developing the Sakhalin-2 oil and gas project can find a compromise regarding costs and other issues, Economic Development and Trade Minister German Gref said in an article in the Handelsblatt.

The parties to the Sakhalin Island project should be able to reach agreement, Gref wrote in the German newspaper.

Some of the increased spending on the project seems unjustified, while higher ecological standards may necessitate increased investment in other areas, Gref wrote in the article. (Bloomberg)

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