Monday, December 11, 2006

From Russia With Love.

Shell finally throwing in the towel on this thing and ceding control to Gazprom? Not entirely unpredictable, but wow.

Reuters: Gazprom yet to decide on Shell Sakhalin offer.


Russian gas monopoly Gazprom said on Monday it had yet to decide on Royal Dutch Shell's offer for it to take majority control in the Sakhalin-2 project due to ecological concerns.

CNBC Video (free for 24 hours): Gazprom to control Sakhalin-2?