Press release: EBRD no longer considers current financing package for Sakhalin II (11 Jan 2007)
Пресс-релиз: ЕБРР больше не рассматривает текущую схему финансирования проекта "Сахалин-2" (11 января 2007 года)
In 2001, the shareholders of Sakhalin Energy - Shell, Mitsui and Mitsubishi - asked the EBRD to partially finance Sakhalin II, which will produce offshore gas and oil from Russia’s far eastern coast.
Though the EBRD will no longer consider participation in the financing of Sakhalin II, through its engagement in the development of the project, the EBRD has helped to introduce commitments to consultation, transparency and treatment of indigenous people. It has also worked with Sakhalin Energy on many enhancements during the construction phase.
Sakhalin II (Phase 2) information
Sakhalin II (Phase 2) public consultation
Meeting transcripts
Correspondence
Background information
Sakhalin II (Phase 1)
The Sakhalin II (Phase 1) project, launched in 1996, was financed by the EBRD, OPIC and JBIC. It entailed development of the Astokh feature of the Piltun-Astokhskoye field, located 20 kilometres offshore on the northeast side of the Sakhalin Island. The loan was repaid in 2006.
Project Summary Document
Environmental Impact Assessment
Other EBRD activities on Sakhalin Island
EBRD story: Sakhalin boom attracts white goods firm
Project Summary Document: Rosneft/Sakhalinmorneftegas
Press release: EBRD and Japan promote Sakhalin environmental programme
Press release: Russian dry bulk carrier receives EBRD financing
Press release: $5 million for leasing in Siberia and Russian Far East
Press release: EBRD lends $90 million for Russian oil and gas
Sakhalin Oblast action plan
Содействие развитию Сахалинской области