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Sakhalin Energy

BLOOMBERG: Shell Sakhalin Project Cost Soars, Deliveries Late

Jul 14th, 2005
by John Donovan.
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BLOOMBERG: Shell Sakhalin Project Cost Soars, Deliveries Late

“Royal Dutch/Shell Group’s oil and gas project in Russia’s Far East may cost $20 billion, 67 percent more than originally planned…”

Thursday 14 July 2005

July 14 (Bloomberg) — Royal Dutch/Shell Group’s oil and gas project in Russia’s Far East may cost $20 billion, 67 percent more than originally planned, because of soaring metal prices and contractor fees and a declining U.S. dollar.

Deliveries of liquefied natural gas are now expected to start in the summer of 2008, the company said in a statement today, some eight months behind schedule. The project at Sakhalin island is the largest foreign direct investment anywhere in Russia. Shell shares pared gains in London after the statement. read more

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Shell strikes US$6B deal to ship Russian liquefied gas to North America

Oct 14th, 2004
by John Donovan.
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Canadian Press: Shell strikes US$6B deal to ship Russian liquefied gas to North America

“The deal is the first that would funnel Russian LNG to the United States, whose demand for natural gas is surging as domestic supply dwindles.”

Thursday, October 14, 2004

MOSCOW (CP) – A consortium led by Royal Dutch/Shell Group that is developing gas reserves off Russia’s Sakhalin Island said Thursday it has struck a $6-billion-US deal to supply liquefied natural gas, or LNG, to energy-hungry North America.

Sakhalin Energy Investment Ltd., operator of the Sakhalin-2 project, said it signed an agreement to ship 37 million tonnes of LNG to a regasification terminal in Mexico.

Shell, which is building the Energia Costa Azul terminal in Baja California with California’s Sempra Energy, is the buyer of the gas. read more

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

Oil, gas ease an old enmity

Sep 13th, 2004
by John Donovan.
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THE WASHINGTON TIMES: Oil, gas ease an old enmity

“Sakhalin II, led by Royal Dutch Shell and with 45 percent Japanese ownership, has broken ground for the world’s biggest liquefied natural gas plant at Prigorodnye, southern Sakhalin.”

By Lucille Craft

Posted 13 Sept 04

TOKYO — Hostile and prickly neighbors for much of the past century, Japan and Russia are rapidly drawing closer, at least below the surface, propelled in part by Japan’s extreme energy vulnerability in an era of Middle East turbulence.

In one of the strangest legacies of World War II, Russia and Japan have never managed to sign a peace treaty officially ending hostilities that ceased in fact nearly 60 years ago. All that stands in the way are four tiny islands off the coast of northeastern Japan. read more

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

Shell-led Russia venture to monitor rare whales

Aug 19th, 2004
by John Donovan.
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Date: 19-Aug-04
Country: RUSSIA
Author: Maria Golovnina

The International Whaling Commission passed a motion last month saying energy exploration could kill off the 100 or so remaining grey whales on the oil-rich shelf near Russia’s Pacific coast and asked for some surveys to stop.

Sakhalin Energy Investment Company Ltd., operator of the multi-billion dollar Sakhalin-2 project, described its monitoring plan as “the most comprehensive and largest whale project funded solely by industry for whales anywhere in the world.” read more

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