By Upstream staff
Shell expects talks to offer Russian gas monopoly Gazprom a major stake in the Sakhalin 2 oil and gas development to be completed by the end of this week.
Reuters quoted Shell spokesman Alf D’Souza as saying that the talks could be concluded by that time if progress continued to be made.
Shell chief executive officer Jeroen van der Veer flew back to the Netherlands after the talks on Friday, his second meeting with Miller in a week. Reuters added that sources familiar with the matter said both sides were keen to clinch agreement on terms for Gazprom’s entry into the project.
Industry observers in Moscow believe that the ultimate deal will include Shell selling a 30% stake to Gazprom, with Sakhalin 2’s other shareholders, Japan’s Mitsui and Mitsubishi, adding the remaining 20%. That would leave Shell with a blocking stake of 25% in the consortium, with Mitsui and Mitsubishi’s interests falling to 10% and 15% respectively.
If Gazprom opts for the full 50% stake, Shell is likely to be forced to abandon its leading role with operator SakhalinEnergy to the gas giant, analysts said.
Gazprom’s entry may also help the Sakhalin 2 consortium to change the 1993 production sharing agreement, which Russian officials have criticised on numerous occasions as “detrimental to Russian interests”, said an official from Russian state-owned oil company Rosneft.
Russian officials have implied that the approval of the new $20 billion budget may only be granted if the consortium agrees to change the PSA conditions and allow the government a larger share of its future revenues.
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.
