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THE Sakhalin Thread (merged)

General discussions of the systemic, societal and civilisational effects of depletion.

THE Sakhalin Thread (merged)

Unread postby SD_Scott » Sun 02 Jul 2006, 15:50:06

Was looking through the guide and saw it. The show starts at 3:00 PM central on discovery.
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Russia's Natural Resources Ministry to cut license Sakhalin

Unread postby M_B_S » Tue 14 Nov 2006, 15:25:24

Sakhalin Energy

MOSCOW, November 14 (Itar-Tass) -- The Federal Nature Usage Supervisory Service has informed the Federal Water Resources Agency about the Sakhalin Energy breach of 19 water licenses and applied for their revocation, a source at the Natural Resources Ministry told Itar-Tass on Tuesday.Itar Tass
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Russia wants it all :twisted:
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At long last, Sakhalin-2 project nears finish line

Unread postby Graeme » Tue 20 Nov 2007, 03:37:15

At long last, Sakhalin-2 project nears finish line
$this->bbcode_second_pass_quote('', 'T')he waters of the Sea of Okhotsk around Sakhalin Island are believed to hold total estimated reserves of at least 45 billion barrels of oil and natural gas equivalents, an amount similar to the resources remaining in the Gulf of Mexico or the North Sea.

One of most formidable challenges to unlocking those riches proved to be the Moscow government itself. It won a tug of war with foreign investors that left Russia's state-controlled Gazprom gas giant in control and reduced the Netherlands' Royal Dutch Shell and Japanese partners to minority shareholders in Sakhalin Energy, the international consortium running the project.

Moscow threatened last year to pull the project's operating license, citing problems in compliance with environmental regulations. The risk of losing the entire project pressured Shell and other founders to cede majority control to Gazprom in April for $7.45 billion.

Shell now holds 27.5 percent of Sakhalin Energy, along with Japanese firms Mitsui & Co. at 12.5 percent and Mitsubishi Corp. at 10 percent. After the switch in control, the Moscow government last month gave its tentative approval for the project and said environmental compliance had improved.

Sakhalin Energy has already been exporting limited oil from a single offshore platform since 2003 that can only operate half of the year, when seas aren't frozen. But the next phase of the project, set to be completed by the end of 2008, will see the opening of two more offshore platforms along with pipelines bringing oil and gas to the island's warmer southern shore.

To export the gas, the company is building Russia's first-ever liquefied natural gas plant, which converts the gas to a liquid by cooling it to a temperature of minus 258 Fahrenheit so that it can be transported by ship. Customers in Japan, South Korea and the U.S. have already bought all the gas to be produced here for more than the next 20 years.

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Last edited by Ferretlover on Sat 21 Feb 2009, 19:50:31, edited 1 time in total.
Reason: Merged with THE Sakhalin Thread.
Human history becomes more and more a race between education and catastrophe. H. G. Wells.
Fatih Birol's motto: leave oil before it leaves us.
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