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Shell speeds plans for Russian north

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Calgary Herald: Shell speeds plans for Russian north

From Herald News Services
Published: Wednesday, April 30, 2008

Royal Dutch Shell PLC and its partners will accelerate planning to develop far-northern natural gas fields in Russia, Dutch premier Jan Peter Balkenende said.

Balkenende held talks on energy projects with Russian Prime Minister Viktor Zubkov in the Dutch city of The Hague. Jeroen van der Veer, chief executive of Shell, and Gertjan Lankhorst, CEO of gas trader GasTerra BV, also attended, Balkenende said.

“Shell CEO van der Veer and GasTerra CEO Lankhorst have said that they will speed up their proposals for Yamal,” Balkenende told reporters Tuesday following the meeting.

Shell and its partners have said Russia’s Arctic Yamal peninsula and the surrounding Kara Sea may hold more than 30 trillion cubic metres of gas enough to supply the world for a decade, according to a copy of a plan presented in the Kremlin.

© The Calgary Herald 2008

http://www.canada.com/calgaryherald/news/calgarybusiness/story.html?id=cb1f8b7c-1f94-417a-bf14-572c36782837

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