Financial Times: Shell mulls Sakhalin 2 output boost
“Royal Dutch/Shell is considering plans to expand production capacity at its key Sakhalin 2 project in Russia’s far east two years ahead of schedule after unexpectedly high demand for its liquefied natural gas.”: “The news could provide a welcome boost for the Anglo-Dutch energy group as it looks to recover from the scandal caused by the overbooking of 23 per cent of its oil and gas reserves.”
By Andrew Jack and Stefan Wagstyl in Moscow
4 Oct 04
Royal Dutch/Shell is considering plans to expand production capacity at its key Sakhalin 2 project in Russia’s far east two years ahead of schedule after unexpectedly high demand for its liquefied natural gas.
The news could provide a welcome boost for the Anglo-Dutch energy group as it looks to recover from the scandal caused by the overbooking of 23 per cent of its oil and gas reserves.
The company has been struggling with stagnant production and is planning to spend $45bn in the next three years as it looks to catch up with rivals.