Dmitry Zhdannikov
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/ 20 September 2006

Russian pressure on Shell alarms EU, Japan, UK

Russia stepped up the pressure on Royal Dutch Shell and its Japanese partners on Tuesday over a -billion oil and gas development in the Far East, sparking protests from Tokyo, Brussels and London. In the latest blow to Sakhalin-2, Russian gas monopoly Gazprom revealed that asset swap talks with operator Shell had stalled for months due to Shell’s cost overrun.