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Channel4 News: Shell under pressure from Russia

Published: 12 Dec 2006
By: Nick Paton-Walsh
 

Shell under pressure from the Kremlin to sell up its stake in a gas plant in eastern Russia.

To watch the report click on link below:

http://www.channel4.com/news/special-reports/special-reports-storypage.jsp?id=4131

It’s an audacious move and a test of Russia’s willingness to abide by the rules.

The Kremlin is putting pressure on the Anglo-Dutch company Shell to sell its controlling stake in a gas plant in eastern Russia.

But Shell is resisting the swoop, which has implications for investors and Britain’s future energy security.

State-owned Gazprom, which hopes to take over Shell’s stake in the Sakhalin Two scheme, has said it would like to buy Brititsh Gas’s owner, Centrica.

Our foreign affairs correspondent Nick Paton Walsh reports.

Related links
12 Dec 2006: Gary Kasparov interview
27 July 2006: Whales under risk from Sakhalin energy plant

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