Tuesday, September 19, 2006

[sakhalin] eu energy commissioner’s empty words

Today’s news is actually old news following September 8th: Russia’s environment watchdog said it had asked a court to recognize that the scheme did not comply with ecological rules. Russia is certainly very unhappy with being dictated to by Shell, Royal Dutch and Exxon and all parties are playing hardball. Putin signalled Moscow’s feeling in a journalistic forum before the G8 when he spoke of ‘our resources’ and that deals must not be ‘all one way’. It’s a new game for the Big 3 not to be able to muscle in here as they have elsewhere and the Japanese are watching and learning. There are billions to be made in Sakhalin and Russia wants to ensure its major slice.

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