Latest Sakhalin-II Stories

The Sakhalin-II project led by Russian gas monopoly Gazprom and the Sakhalin Energy Investment Company, has received $5.3 billion in loan financing. The Japan Bank for International Co-operation acted as the major creditor by financing $3.7 billion. The rest of the financing was provided by a consortium of Japanese and West European commercial banks. The structure and amount of the project financing for the Sakhalin-II project investment program had been preliminarily agreed upon in the...

Tokyo, June 16 (Jiji Press)--Sakhalin Energy, the operator of the Sakhalin II oil and gas development project in Russia, has signed a 5.3-billion-dollar project financing deal with a syndicate of banks led by the government-backed Japan Bank for International Cooperation. Japanese trading houses Mitsui & Co. and Mitsubishi Corp. , both of which hold interests in the energy developer, are due to guarantee the loans along with other shareholders in line with the size of their stakes, they...

MOSCOW. June 16 (Interfax) - Sakhalin Energy, the operator of the Sakhalin-2 project, has signed an agreement with the Japan Bank of International Cooperation (JBIC) and a consortium of international banks on financing for the project's second phase, the company said in a statement. Under the agreement, JBIC will provide $3.7 billion to Sakhalin Energy and the bank consortium will supply $1.6 billion. The funds will be used to finance the final stages of construction, testing and...

MOSCOW (Reuters) - Greenpeace campaigners held a protestvigil outside Credit Suisse First Boston's Moscow office onMonday against its involvement in a Shell-led energy project inthe Russian Far East which they say threatens rare whales. Around a dozen protesters in orange jumpsuits paradedoutside CSFB's Moscow office with signs that read "Stopfinancing Sakhalin oil" and "Nature is worth more than oil."Other similar protests were planned in London and New York. "This bank is seeking about $5...