Russia's Sakhalin 2 project gets green light from shareholders
Article from: OGEL 5 (2003), in Geopolitics of Energy
Introduction
p>MOSCOW: 15 MAY 2003 Sakhalin Energy Investment Company Limited today received the green light from shareholders Shell Sakhalin Holdings BV, Mitsui Sakhalin Holdings BV (Mitsui) and Diamond Gas Sakhalin BV (Mitsubishi) to launch the second phase of the Sakhalin II project in the far east of Russia. The joint venture formally declared its positive investment decision following unanimous approval of its development proposal by both its shareholders and the project's Supervisory Board, consisting of representatives of the company and the Russian Federation.