The Associated Press
Published: November 7, 2006
MOSCOW: Russian gas monopoly Gazprom said Tuesday that it remains interested in joining a troubled multi-billion-dollar energy project led by Shell, but only if cost overruns and alleged ecological violations were resolved.
OAO Gazprom’s deputy chairman Alexander Medvedev told reporters that talks with Royal Dutch Shell PLC and two Japanese companies that are shareholders in the Sakhalin-2 project could resume only when they had completed their own negotiations with the Russian government.
“We must see how these issues are resolved by the Russian government and Sakhalin Energy. But we are ready to confirm our interest in participating in this project,” he said.
Talks over the original deal in which Gazprom was to swap a stake in a giant gas field for a stake in Sakhalin-2 have been complicated by Shell’s announcement last year that the cost of the complex development would more than double to over US$20 billion (€16 billion).
Today in Business
In surprise, CEO of VW yields job to Audi head Former chief of Airbus to run Peugeot Airbus loses its first A380 customer That would delay the point at which Russia sees any profits from the deal, which was signed back in the 1990s. Since the summer, Sakhalin-2 has also faced intense environmental scrutiny from Russian authorities, who froze a key ecological permit in September and have threatened to put a halt to the entire project.
Analysts have suggested that the government is seeking to pressure Shell into offering Gazprom better terms to join the world’s biggest liquefied natural gas development as well as reconfigure the original deal to the Kremlin’s benefit.
Sakhalin-2 is one of a handful of major energy developments signed in the 1990s by BP PLC, Exxon Mobil Corp. and Total SA which handed control to the Western multinationals at a time when Russia lacked the resources to develop difficult energy projects itself.
The foreign companies were allowed to recoup their costs before the state took a share of the profits. Russian officials, however, now say the terms of those deals were unfair.
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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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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.

























































