1
   

Now an economic cold war?

 
 
Reply Wed 20 Sep, 2006 05:08 am
Quote:
Terry Macalister Gazprom, the Russian gas group, turned up the heat on Shell and intensified a growing international row yesterday by stopping talks over buying a stake in the troubled $20bn (£11bn) Sakhalin project.

The move comes a day after the Russian authorities withdrew Shell's operating permit, sending shock waves through foreign investors. The European commission said it took "very seriously" Russia's decision to revoke Shell's environmental approval for Sakhalin-2, the world's biggest liquefied natural gas project.

Energy is the key issue between the EU and Russia, which supplies a quarter of the EU's oil and gas.

Diplomatic relations with Japan could also be damaged. Two of Japan's largest companies, Mitsui and Mitsubishi, have a combined 45% stake in Sakhalin-2 and the prime minister in waiting, Shinzo Abe, said yesterday that he was concerned that "major delays might have a negative influence on Japan-Russia relations".


Source and full report: Investors fear economic cold war as Kremlin eyes western assets



http://i10.tinypic.com/2rghv9g.jpg
Graphic from today's The Guardian's print version, page 21:
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Discussion • Score: 1 • Views: 614 • Replies: 0
No top replies

 
 

Related Topics

Leveraged Loan - Discussion by gollum
Web Site - Discussion by gollum
Corporate Fraud - Discussion by gollum
Enron Scandal - Discussion by gollum
Buying From Own Pension Fund - Discussion by gollum
Paycheck Protection Plan - Question by gollum
Dog Sniffing Electronics - Question by gollum
SIM CARD - SimTraveler - Question by gollum
Physical Bitcoin - Question by gollum
Bitcoin - Question by gollum
 
  1. Forums
  2. » Now an economic cold war?
Copyright © 2022 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.03 seconds on 09/28/2022 at 06:59:03