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Page added on September 9, 2006

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Russian lawsuit stalls gas, oil plan

Japanese energy and gas firms planning to import oil and natural gas from Sakhalin suffered a setback after the Russian environmental regulator filed a suit seeking to revoke approval for the Sakhalin-2 oil project.

If the project is suspended for an extended period, Japanese companies counting on natural resources from the Russian island will have to find other suppliers, which will not be easy.

The lawsuit could also impact heavily on Japanese investors.
Daily Yomiuri



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