Sakhalin Energy Investment Co., the project operator, received $3.7 billion from Japan Bank for International Cooperation, the Japanese government's main overseas lender, and $1.6 billion from other commercial banks, the Yuzhno-Sakhalinsk, Russia-based company said today in an e-mailed statement.
Sakhalin 2
Gazprom, Shell Receive $5.3 Billion Loan for Sakhalin (Update1)
Russia’s Sakhalin-2 gets $5.3 bln project finance
MOSCOW, June 16 (Reuters) - Russia's Sakhalin-2 oil and gas group has obtained $5.3 billion in financing from the Japan Bank for International Cooperation (JBIC) and a consortium of international commercial banks, the group said on Monday.
Polonium sandwich: Senior Shell exec likened Russian take-over of Sakhalin-2 to eating “a polonium sandwich”
Gazprom, Shell to Exploit Outside Resources
According to Shell's Executive Officer Jeroen van der Veer, the company that sold a stake in Sakhalin-2 to Gazprom in 2006 has sealed with Russias monopoly a protocol for joint exploitation of LNG in Russia and third states. The matter at stake is construction of LNG plant in Yamal.
Shell, Gazprom Agree to Study Arctic LNG Projects (Update2)
Royal Dutch Shell Plc and OAO Gazprom, Russia's gas exporter, signed a preliminary agreement to study liquefied natural gas projects on the Yamal peninsula in Russia's far north. The companies may also consider LNG projects in third countries, Shell Chief Executive Officer Jeroen van der Veer said in an interview at the St. Petersburg International Economic Forum today.
Why Shell CEO lied to investors about Russia seizing Sakhalin-2 project
Van der Veer claimed with a straight face during the AGM Q & A session that the relative pittance Shell received was a fair price when that was manifestly a false statement.
Russian plans for Sakhalin-2 gas a complete surprise for Shell
Gazprom Deputy CEO Alexander Ananenkov noted that Sakhalin-3s gas could be not enough to satisfy the regions needs, in which case gas from Sakhalin-2 could go to the Sakhalin-Khabarovsk-Vladivostok pipeline instead of being exported. This proposal was a complete surprise for Maxim Shub, who represents Shell in Russia.
Sakhalin-2 loan secured; year-round flow to begin
The Japan Bank for International Cooperation (JBIC) and four private-sector banks are finalizing plans to provide a $5.3 billion loan for the Sakhalin-2 oil and natural gas development project.
Russian Police Summon Chief of British-Russian Energy Venture in Tax Probe
...energy analysts compared the BP situation to Gazprom's forced 2006 takeover of the giant Sakhalin-two project in Russia's Far East. A Western consortium led by Royal Dutch Shell agreed to sell its controlling interest in the Sakhalin project, after Russian threats of huge lawsuits against the consortium for alleged environmental infractions.
Two can play at this game
TNK-BP ceded its controlling stake to Gazprom, a bit like Royal Dutch Shell, which a year earlier gave up a majority of its Sakhalin 2 gas and oil project to the state-controlled company.