Royal Dutch Shell Plc  .com Rotating Header Image

Russia’s Sakhalin-2 gets $5.3 bln project finance

Reuters UK

Russia’s Sakhalin-2 gets $5.3 bln project finance

Mon Jun 16, 2008 9:12am B

MOSCOW, June 16 (Reuters) – Russia’s Sakhalin-2 oil and gas group has obtained $5.3 billion in financing from the Japan Bank for International Cooperation (JBIC) and a consortium of international commercial banks, the group said on Monday.

“The funds will finance the final stages of construction, testing and commissioning of Sakhalin, which will soon start delivering liquefied natural gas to customers in Japan, Korea and the North American West Coast,” the statement said.

JBIC, Japan’s leading financial institution, agreed to provide $3.7 billion while the consortium will contribute an additional $1.6 billion.

Sakhalin-2 is led by Russian gas export monopoly Gazprom (GAZP.MM:QuoteProfileResearch) and also includes Royal Dutch/Shell (RDSa.L:QuoteProfileResearch) and Japan’s Mitsui (8031.T: QuoteProfile,Research) and Mitsubishi (8058.T: QuoteProfileResearch). (Reporting by Dmitry Zhdannikov; editing by Robin Paxton)

 

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.