By Rebecca Bream
Published: December 11 2006 10:13 | Last updated: December 11 2006 10:13
Royal Dutch Shell confirmed on Monday that it has held fresh talks with Gazprom about the status of its $20bn Sakhalin-2 liquefied natural gas project off the far east coast of Russia, amid reports that Shell is under pressure to give up control of the project.
Sakhalin Energy, the joint venture running Sakhalin-2, is 55 per cent-owned by Shell and the rest by Mitsui and Mitsubishi, the Japanese trading companies. However, Gazprom, the Russian gas monopoly, is interested in taking a stake in the huge project, which is currently Russia’s biggest single foreign investment.
It was reported on Monday by Reuters that Shell had agreed in principle to reduce its stake in Sakhalin-2 to allow Gazprom to take control. The reports said Shell would keep a blocking stake of at least a quarter in the scheme, the world’s largest liquefied natural gas (LNG) project.
Shell confirmed that chief executive Jeroen van der Veer met Gazprom head Alexei Miller in Moscow on Friday to discuss “Sakhalin-2-related issues”.
It added: “The discussions were positive but their contents remain confidential.”
It is understood that the talks are continuing and that no deal has yet been reached by Shell and Gazprom on the ownership of Sakhalin-2.
The Russian government is unhappy that the cost of the Sakhalin-2 project has risen from an original budget of $10bn to more than $20bn, delaying the point at which the Kremlin starts to receive revenues.
Copyright The Financial Times Limited 2006
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: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
