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Shell's at sea without a paddle, courtesy of the Russians
galway |
rights, freedoms and repression |
other press
Tuesday December 12, 2006 18:45 by Dunlo - Shell to Sea
One third of western Europe's natural gas is supplied by Russia Today's Guardian is reporting that "Shell is being forced by the Russian government to hand over its controlling stake in the world's biggest liquefied gas project ... After months of relentless pressure from Moscow, the Anglo-Dutch company has to cut its stake in the $20bn Sakhalin-2 scheme in the far east of Russia in favour of the state-owned energy group Gazprom". Shell confirmed last night that its chief executive, Jeroen van der Veer, met Gazprom's chairman, Alexei Miller, in Moscow last Friday but would say only that the talks on Sakhalin-2 were "constructive". The Russian company said that "Shell did indeed make several proposals concerning Sakhalin-2" at the meeting which came after Shell was threatened with having its operating licence withdrawn.Some senior politicians in Moscow are of the opinion that Shell was being harassed into reducing its 55% stake in Sakhalin-2 to something close to 25% through relentless pressure from minist |