Martyn Wingrove, Lloyds List
Published: Aug 15, 2007
GAZPROM’s push into the Sakhalin Energy Investment consortium has forced the European Bank of Reconstruction and Development to pull its funding for the Sakhalin II oil and liquefied natural gas project off eastern Russia.
Since January, EBRD and the Sakhalin Energy shareholders Gazprom, Royal Dutch Shell, Mitui and Mitsubishi have been in discussions over project finance.
EBRD has cut off these discussions in favour of financing other projects, such as those that promote sustainable energy, the bank said.
Sakhalin Energy is developing oil and gas resources in two fields off the eastern Russia island and hopes to commence LNG exports in 2008.
Late last year, the Russian government strongarmed Shell and its partners to allow Gazprom, the state gas monopoly, to buy up a controlling stake in the Sakhalin II licence and hydrocarbon production facilities. These include three offshore production platforms, two island-long pipelines, an oil tanker terminal and a liquefied natural gas plant.
This changed the structure of the operating company and its agreements with financial institutions. ‘It has become clear that in the light of the timetable envisaged by the shareholders, the financing from ERBD is not feasible,’ the ERBD said.
‘Gazprom and the other shareholders have reached an advanced stage in the negotiations for the financing of Sakhalin II and now expect to reach financial closure in the next few months.’
Some of the other potential lenders, including the UK’s Export Credit Guarantee Department and the US Export-Import Bank, are still awaiting a report from environmental consultants.
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.
