Shell CEO Talks To Gazprom About Sakhalin

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)