AFX Europe (Focus): Royal Dutch/Shell says Sakhalin II Phase 2 costs could be about $20 billion US dollars
Thursday July 14, 2005
AMSTERDAM (AFX) – The Royal Dutch/Shell Group said investment costs for the Sakhalin II phase 2 project are provisionally anticipated to be “of the order of 20 bln usd.”
This would cover all planned development activity, including drilling activity through to 2014, with liquefied natural gas (LNG) deliveries starting in the summer of 2008, the company added.
Sakhalin Energy Investment Co (SEIC), a venture between Royal Dutch/Shell Group, Mitsui and Co and Mitsubishi Corp, runs the Sakhalin II project.
The estimates by SEIC “are still work in progress and remain subject to shareholder review and confirmation,” Shell said.
SEIC has more than 75 pct of its LNG capacity sold under long-term contracts and is in talks with buyers for the balance of production capacity.
Shell’s 2005 total capital investment, across all its business activities, remains about 15 bln usd, excluding the 45 pct minority share of Sakhalin II held by Mitsui and Mitsubishi, Shell said.
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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