Eric Watkins
Senior Correspondent
LOS ANGELES, Mar. 4 — Sakhalin Energy, operator of the Sakhalin-2 gas and oil project, reported it is no longer seeking loans from the US Export-Import Bank or the UK’s Export Credits Guarantee Department due to possible delays on loan decisions.
A Sakhalin Energy spokesman said Ex-Im Bank might require lengthy consultations over the loans, but that the project’s tight start-up and operating schedule dictated the need to seek a swifter financing decision, not environmental or political concerns.
Sakhalin Energy, which needs a reported $5 billion for project financing, will continue to hold discussions with other potential creditors such as the Japanese Bank for International Cooperation and major commercial banks.
Phase 2 construction of the Sakhalin-2 project is nearing completion with some 90% of work already accomplished. The company hopes to finish the second phase by yearend and start production of LNG shortly after.
The company’s work plan this year includes starting of drilling at platform Piltun-Astokhskoye-B and start-up of the Molikpaq tie-in modules to establish year-round production of oil.
Also in the plan for this year are continued drilling at gas platform Lunskoye-A; commissioning the OPF to receive hydrocarbons from all three offshore platforms; completion of construction of the onshore pipelines and booster Station 2; and the commissioning of Trains 1 and 2 of the LNG gasification plant.
Sakhalin Energy partners include OAO Gazprom, 50% plus 1 share, Royal Dutch Shell PLC 27.5%, Mitsui 12.5%, and Mitsubishi 10%.
Contact Eric Watkins at [email protected].
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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.
