Tuesday, June 13, 2006. Issue 3430. Page 7.
Reuters
ROTTERDAM, Netherlands — Royal Dutch Shell sees no delay in its efforts to work out details of a complicated asset swap with Gazprom despite a budget overrun at one of the projects, Shell’s chief executive said Friday.
Gazprom said this week that the negotiations might last beyond 2006 after Shell reported a sharp increase of the estimated investment to develop the Sakhalin-2 project on Sakhalin Island, in the Far East. The project will be the world’s largest liquefied natural gas project.
The longer-term budget for the scheme is still subject to negotiation with the government and Shell’s announcement that costs would be double initial projections has complicated the process.
Gazprom wants 25 percent of the Shell-led project in return for 50 percent of its smaller Zapolyarnoye field in Siberia.
“We have taken all of 2006 to work out the details of the swap. I’m not concerned because the [Sakhalin] project is not finished anyway,” Shell CEO Jeroen van der Veer said on the sidelines of a Dutch business forum.
He played down concerns over the budget overrun. Shell now believes it will need to invest $20 billion to develop the Sakhalin project as opposed to an initial estimate of $10 billion.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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.
