Reuters AlertNet Lite - Russia hopes to clear Sakhalin-2 ecology soon

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Russia hopes to clear Sakhalin-2 ecology soon

21 Dec 2006 18:06:19 GMT
Source: Reuters

MOSCOW, Dec 21 (Reuters) - Russia hopes to clear soon all ecological problems of Sakhalin-2 oil and gas project via a dialogue between the resources ministry and the project's shareholders, Resources Minister Yuri Trutnev said on Thursday.

"The shareholders have a choice - make the project the best in terms of environment protection," Trutnev told a joint meeting with Royal Dutch Shell's <RDSa.L> chief executive Jeroen Van der Veer.

The comment follows a decision by Shell and its Japanese partners to sell 50 percent plus one share in the $22 billion project to Russian gas monopoly Gazprom <GAZP.MM> for $7.45 billion.

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Last updated:Thu Dec 21 18:10:14 2006