Gazprom Expansion of Sakhalin-2 LNG Plant May Cost $7 Billion January 30, 2012, 5:20 AM EST By Jake Rudnitsky Jan. 30 (Bloomberg) — OAO Gazprom and its partners in the Sakhalin-2 project may decide on expanding their liquefied natural gas plant this year, to add supplies by 2018, said Andrey Galaev, the ventures chief executive [...]
Posts Tagged ‘Sakhalin 2’
Shell seen interested in Sakhalin 3 project
Russia-InfoCenter – Moscow, Russia 10.06.2009 Royal Dutch Shell is interested in taking part in development of Sakhalin 3 project conjointly with Russian Gazprom, the spokesman for the Shell’s office in Russia said. Besides, he noted, that the company is also holding negotiations on cooperation in the number of projects with Rosneft. Earlier Gazprom’s spokesman reported [...]
Gazprom, Shell May Expand Venture
Royal Dutch Shell said it is examining plans with Gazprom to expand Sakhalin projects beyond their liquefied natural gas venture in the Far East.
Russian Eco-Regulator Quits to Lead Green Movement
Mr. Mitvol, 42 years old, sprang to global prominence in 2006 when he accused Royal Dutch Shell of a string of environmental failings at its giant Sakhalin II oil and gas project in Russia’s Far East. Under pressure from Mr. Mitvol and other Russian officials, Shell, which had a 55% stake in the project, sold control to state-controlled OAO Gazprom. Shell now owns a 27.5% stake in the project.
Russian ecology official quits to run green group
Mitvol, deputy head of environment watchdog RosPrirodNadzor, led a 2006 attack on the Sakhalin-2 energy project that ended only after Royal Dutch Shell (RDSa.L) ceded control of the project to state-controlled gas giant Gazprom (GAZP.MM)
Crude Price Slump May Help Shell Gain Access to More Reserves
Oil prices are lower, and may continue to stay low for a period, and that will ease access to reserves, Shell Chief Executive Officer Jeroen van der Veer told Bloomberg News in an interview in London on March 4. It is not happening now, but it will happen.
WWF says whales leaving Sakhalin waters due to oil, gas projects
Oil and natural gas development off the coast of Sakhalin Island in Russia’s Far East could have forced endangered whales to leave their habitat in the area, a local WWF spokesperson said on Thursday.
DALY: Russia eyes Asia as gas customer
In yet another example of Kremlin energy politics that so unsettle Western investors, in late 2006 Gazprom wrested control of the huge oil and gas field from Shell after it was accused of breaking environmental laws. Gazprom then became the majority owner.
Sakhalin Energy to export about 50 LNG lots in ’09
Gazprom bought control of the $22 billion Sakhalin-2 project after a prolonged crisis that forced Royal Dutch Shell (RDSa.L), the project’s former leader, and its partners to reduce their holdings. Analysts had expected the battle would lead to delays. Shell is now a minority shareholder, along with Japan’s Mitsubishi (8058.T) and Mitsui (8031.T).
Statement by Sakhalin Energy: Russian President Medvedev inaugurates the first LNG plant in Russia
Yuzhno-Sakhalinsk, 18 February 2009: President Dmitry Medvedev today opened Russia’s first liquefied natural gas (LNG) plant built by Sakhalin Energy Investment Company Limited (Sakhalin Energy).
Gazprom to Open First LNG Plant
Gazprom bought control of the $22 billion project after a prolonged crisis that forced Royal Dutch Shell, the project’s former leader, and its partners to reduce their holdings. Analysts had expected that the battle would lead to delays. Shell is now a minority shareholder along with Japan’s Mitsubishi and Mitsui.
Shell Chief Bets Big Despite Downturn
“To invest or not to invest. We are convinced that it is better to keep on investing. You have to replace easier oil with more difficult oil. You can do that best with long-life projects that you can do for years,” said van der Veer, singling out as an example Shell’s $20 billion investment in Russia’s Sakhalin 2 project.
Hundreds of birds die in oil spill into Aniva Bay from the Sakhalin II plant
The oil spill is believed to have occurred on Sunday after a tanker left the liquefied natural gas plant which is still under construction. The plant is owned by Sakhalin Energy which is the operator and investor for the $20 billion Sakhalin II project.
Shell in U.S. Gov. Sex, Drugs and Corruption Scandal
In the hard commercial world, Shell is, as always, prepared to do whatever it takes to meet its objectives, whether in the USA (bribery and corruption), Nigeria (fuelling corruption and violence, with no end to the gas flaring), the North Sea (production and profit before offshore worker lives) or in Russia (bribery and corruption on the Sakhalin-2 project).
Gazprom, Once Mighty, Is Reeling
Investors are now fleeing Gazprom stock…


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