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Shell To Get Loan for Sakhalin-2 Gas Project
Public hearings by the European Bank for Reconstruction and Development probably will not delay a positive environmental assessment
The gas venture of Anglo-Dutch concern Royal Dutch Shell on Russia's Far East may win environmental approval for European Union-backed loans by May, helping to advance financing from other lenders.
Public hearings by the European Bank for Reconstruction and Development probably will not delay a positive environmental assessment for loans to the Sakahlin-2 project, Mark King, the EBRD's head of environmental policy, said yesterday at a meeting in Sapporo, Japan. Approval may precede any Russian government decision to accept a doubling of the project's development costs.
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