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  • BELGIUM/FILE: European Union concerned about Russia's actions on Sakhalin island

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BELGIUM/FILE: European Union concerned about Russia's actions on Sakhalin island

The European Union is concerned about Russia's actions on Sakhalin island, where Russian gas monopoly Gazprom is trying to gain a controlling stake in the 22 billion US dollars Royal Dutch Shell-led Sakhalin-2 project, the European Commission said on Friday (December 15). "It's a matter of concern for us what is happening in Sakhalin," European Commission president Jose Manuel Barroso told a news conference. Russia's Natural Resources Ministry has mounted a campaign of inspections by environmental agency RosPrirodNadzor and threats of administrative sanctions against Sakhalin-2, the only big Russian energy project entirely in foreign hands. Analysts say Russian pressure on Shell aims to strengthen Gazprom's negotiating hand and is part of a wider campaign to increase the Kremlin's control of the strategic energy sector.

ITN Source | December 18, 2006Watch more videos from ITN Source

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