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Bloomberg: Shell, Gazprom Will Discuss Sakhalin Situation Later Today

By Lucian Kim

Dec. 21 (Bloomberg) — OAO Gazprom and Royal Dutch Shell Plc will meet with Russia’s Natural Resources Ministry today to discuss environmental problems at Shell’s Sakhalin-2 oil and gas project, in which Gazprom is seeking a stake.

The meeting with Natural Resources Minister Yury Trutnev will take place at 7:30 p.m. in Moscow, the ministry said in an e-mailed statement.

The companies are in talks to give Gazprom a stake in the project, the only major oil and gas project in the country with no Russian partners. The Natural Resources Ministry has hounded Shell for environmental problems at the project since the summer.

Shell Executive Officer Jeroen van der Veer and the heads of the two Japanese partners in Sakhalin-2, Mitsui & Co. and Mitsubishi Corp., will attend the meeting, the statement said.

Shell owns 55 percent of Sakhalin-2, Mitsubishi 20 percent and Mitsui 25 percent.
Last Updated: December 21, 2006 10:30 EST

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