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UpstreamOnline: Russia ‘may triple’ claim against Shell

Oleg Mitvol 

(Oleg Mitvol)

By Upstream staff

Russia’s environmental agency said today it may triple its claim for damages against the Shell-led Sakhalin 2 project to $30 billion after being advised to do so by Western lawyers.

“We will be ready to take legal action from March,” said Oleg Mitvol, deputy head of environmental agency RosPrirodNadzor.

Industry sources earlier said that Shell was prepared to cede majority control in its $22 billion oil and gas project on the Pacific island to gas monopoly Gazprom.

Gazprom said it was analysing the proposal, but added the project should first resolve all environmental issues, Reuters reported.

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