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$20bn gas project seized by Russia
· Russia seizes control of world's biggest liquefied gas project
· Shell forced to give up controlling stake after pressure from Kremlin
Terry Macalister, Tom Parfitt in Moscow
Tuesday December 12, 2006
The Guardian
Shell is being forced by the Russian government to hand over its controlling stake in the world's biggest liquefied gas project, provoking fresh fears about the Kremlin's willingness to use the country's growing strength in natural resources as a political weapon.
After months of relentless pressure from Moscow, the Anglo-Dutch company has to cut its stake in the $20bn Sakhalin-2 scheme in the far east of Russia in favour of the state-owned energy group Gazprom.
Story continues at:
http://www.guardian.co.uk/russia/article/0,,1970064,00.html
· Russia seizes control of world's biggest liquefied gas project
· Shell forced to give up controlling stake after pressure from Kremlin
Terry Macalister, Tom Parfitt in Moscow
Tuesday December 12, 2006
The Guardian
Shell is being forced by the Russian government to hand over its controlling stake in the world's biggest liquefied gas project, provoking fresh fears about the Kremlin's willingness to use the country's growing strength in natural resources as a political weapon.
After months of relentless pressure from Moscow, the Anglo-Dutch company has to cut its stake in the $20bn Sakhalin-2 scheme in the far east of Russia in favour of the state-owned energy group Gazprom.
Story continues at:
http://www.guardian.co.uk/russia/article/0,,1970064,00.html
