Subscribe to our free daily newsletters
  Energy News  

Subscribe to our free daily newsletters

Sakhalin-2 Consortium To Face Series Of Penalties

Part of Sakhalin-2.
by Staff Writers
Moscow (AFP) Nov 29, 2006
The international consortium developing the Sakhalin-2 oil and gas project in eastern Russia should prepare for a range of economic penalties over feared environmental damage, Russian Natural Resources Minister Yury Trutnev warned on Wednesday. "The economic sanctions which will be imposed without fail will not be just fines but a package of economic measures," the minister said according to news agency ITAR-TASS.

"The Sakhalin-2 affair will not be finished with a few administrative fines of 10 or 100 million rubles," he said.

Oleg Mitvol, the number two at environmental supervisory body Rosprirodnadzor, part of the Russian environment ministry, told news agency Ria Novosti on Wednesday that a final report on the Sakhalin-2 project would be ready in mid-December.

The 20-billion-dollar (16-billion-euro) project has already started pumping oil and is due to make its first deliveries of liquefied natural gas to Asia in 2008.

But Russian authorities fear environmental damage and Trutnev has accused the consortium running the project of destroying forest and causing damage to water resources and soil.

Anglo-Dutch oil group Royal Dutch Shell owns a 55 percent stake in Sakhalin Energy, the consortium running the Sakhalin-2 project, with Japanese firms Mitsui and Co and Mitsubishi Corp holding 25 percent and 20 percent respectively.

Sakhalin is an island of Russia's eastern coast, located just 40 kilometres (25 miles) north of Japan.

Source: Agence France-Presse

Email This Article
Comment On This Article

Related Links
Powering The World in the 21st Century at
Powering The World in the 21st Century at

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

DRS Receives Contract To Develop High-Speed Electric Generator For The USN
Parsippany NJ (SPX) Nov 29, 2006
DRS Technologies has announced that it has received $6 million in funding to develop a High-Speed Permanent Magnet Electric Generator prototype for the U.S. Navy, bringing the total value of the generator contract to approximately $12 million. The resulting prototype will be scalable in power output and applicable to multiple platforms for the support of main and auxiliary power generation.

  • Sakhalin-2 Consortium To Face Series Of Penalties
  • DRS Receives Contract To Develop High-Speed Electric Generator For The USN
  • Scientists Solve Mystery of How Largest Cellular Motor Protein Powers Movement
  • French EDF Wind-Power IPO Zooms

  • Bulgaria Signs Contract With Atomstroyexport To Build Nuclear Plant
  • Dwindling Forests And Resources Force Africa To Mull Nuclear Energy
  • Iran Offers To Share Nuclear Know-How With Algeria
  • Russia Could Help Build NPP In Egypt

  • Increase In Carbon Dioxide Emissions Accelerating
  • Researchers Gaze At Cloud Formations
  • France To Create Coal Tax, Tighten Pollution Measures
  • Phytoplankton Cloud Dance

  • Report Outlines Funding To Conserve Half Of Massachusetts's Land
  • Trees Reversing Skinhead Earth May Aid Global Climate
  • Danish Christmas Tree Shortage Threatens Prices Across Europe
  • Ancestor of Modern Trees Preserves Record Of Ancient Climate Change

  • Indonesia And Australia Seek Regional Action On Dwindling Fish Stocks
  • ASEAN Endorses Major Initiatives To Boost Regional Rice Production
  • Japan Ready For Cut In Indian Ocean Tuna Catch
  • Wheat Gene May Boost Foods' Nutrient Content

  • EPRI, Argonne To Assess Commercial Viability Of Plug-In Hybrid Electric Vehicles
  • London Blazes Anti-Pollution Trail With Vehicle Congestion Charge
  • BMW To Launch First New Hydrogen-Powered Model
  • Portable Solar-Powered Tag Readers Could Improve Traffic Management

  • DLR And EUROCONTROL Create Joint Total Airport Management Concept
  • Aviation Industry Alarmed At New EU Emission Rules
  • Technologies Evaluated For The Future National Airspace System
  • Silent Aircraft Readies For Take-Off

  • Could NASA Get To Pluto Faster? Space Expert Says Yes - By Thinking Nuclear
  • NASA plans to send new robot to Jupiter
  • Los Alamos Hopes To Lead New Era Of Nuclear Space Tranportion With Jovian Mission
  • Boeing Selects Leader for Nuclear Space Systems Program

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement