Thursday, February 16, 2012


Russia

Shell CEO Talks To Gazprom About Sakhalin

Part of the Sakhalin-2 project (file photo) (ITAR-TASS)

December 15, 2006 -- The head of the British-Dutch oil company Shell is in Moscow today to discuss the participation of Russia's Gazprom in the Shell-led Sakhalin-2 natural-gas project.

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It is the second time Shell's Jeroen van der Veer and Gazprom's Aleksei Miller have met in the past two weeks.


At their previous meeting last week, Shell reportedly offered Gazprom a controlling stake in the $22 billion project.


The heads of Japan's Mitsui and Mistubishi companies, Shell's partners in the project, were also in Moscow for the talks.


Russian environmental authorities have threatened the Sakhalin-2 operator with administrative sanctions, withdrawal of key permits, and environmental-damage claims in what analysts see as an attempt to improve Gazprom's bargaining position in the project.


(Reuters, Interfax)

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