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Russia’s Great Gas Grab

Posted by Matt in December 14th, 2006

Russia is in effect muscling in on the highly promising but very expensive natural gas field Shell Oil and its Japanese partners Mitsui & Company and Mitsubishi Corporation have developed off Sakhalin Island, east of Siberia and north of Japan. Much of the construction work is done, but further work has been delayed by administrative considerations. The project had experienced substantial cost overruns. [Full disclosure: the author has worked as a consultant for both Mitsui and Mitsubishi over a considerable period of years in the past.]

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