Russia says damages in Shell Sakhalin II project could amount to US$15 billion
(AP, Moscow, 14 November 2006) A top environmental regulator suggested Tuesday that Russia could seek up to US$15 billion (€11.7 billion) for environmental damages and other losses it blames on a Shell-led consortium involved in the Sakhalin liquefied natural gas project in the Far East. Several OECD ECAs are currently actively considering support for the project.