November 26, 2007

Sakhalin-2 suffers damage; won't resume production until end of year

Sakhalin-2, a $22 billion oil-and-gas development north of Japan, has been dogged by concerns that it would harm fish- spawning grounds and the rare Western Gray Whale. Now, OAO Gazprom's Sakhalin-2 offshore project won't resume production this year after it was damaged by weather,

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