MOSCOW, (Reuters) – Russia's Energy Ministry said on Friday it had postponed costs approval of Royal Dutch Shell's huge Sakhalin-2 project as it wanted more information to understand why costs doubled to $20 billion.
The ministry said it needed more time to study the revised costs together with Russia's finance, resources ministries and tax bodies. The work is expected to be completed by June.
The postponement is not an isolated case. Other production sharing projects have sometimes worked for an entire year without permission to spend a requested sum.
A lack of approval usually creates operational uncertaincies and slows the implementation of the project.
Shell already shocked investors last year when it doubled the costs for Sakhalin-2, which is set to become the world's largest liquefied natural gas project, and has postponed its launch by at least six months. The ministry said in a statement that it was still concerned that the doubling of costs would delay and cut the profitable share of Russian production.

















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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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.

























































