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News // Oil and gas worldwide

Japan Called On Russia Keep On Gas Delivery Shedule

12 December 2006 , 11:23674
Japan has called on Russia to prove its "credibility" by keeping on schedule deliveries of gas from the Sakhalin-2 project amid reports that Moscow had secured control of it.

Japanese firms, which hold 45 percent of the project, said they would follow the lead of consortium leader Shell on whether to give up their majority stake.

Japan, which has few natural resources of its own, is the primary market for gas from Sakhalin-2, which was slated to start delivering gas as early as 2008.

Russia in September halted all work on the 20 billion-dollar project because of environmental concerns but some foreign investors accused Moscow of muscling in to reassert control over its energy resources.

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