Sakhalin II Oil and gas project

This paper was drawn up by Ph. D. in Geography Afanasiev V. V., the member of the Committee for Natural Resources and Environment of the Sakhalin Region. This review is based on the field study of current geology-geomorphologic processes related any way to the pipeline construction under the Sakhalin II project. Study has been carried out from August 21 to August 25 during the pipeline inspection, jointly with Rosprirodnadzor of the Sakhalin Region. The up-to-date information about design and survey was used when drawing up.

This document provides the reader with a summary of the environmental and social impact assessment work that has guided the definition and delivery of the Sakhalin II Phase 2 Project. It provides a summary of the likely impact of the project and what it is expected to bring to the people of Russia. It describes the Company’s approach to the management of Health, Safety and Environment (“HSE”) and socio-economic matters, as well as its requirements from its contractors. A description of the environmental and social impact assessment work that has been done to date follows, starting with a discussion on project alternatives, the impact assessment process, and a concise overview of each of the pertinent environmental and social issues.

On 26 July 2005, the Independent Recourse Mechanism (IRM) of the European Bank for Reconstruction and Development received a complaint relating to the Sakhalin 2 Phase 2 Project. On 28 July 2005, in accordance with paragraph 17 of the IRM Rules of Procedure, the Chief Compliance Officer registered the complaint and designated one of the IRM Experts to assist in making an Eligibility Assessment of the Registered Complaint.

Sakhalin Energy Investment Company Limited  today announced that it is to reschedule offshore pipelines construction work in the Piltun-Astokhskoye field pending further technical work that is designed to ensure minimal disturbance to the Western Gray Whale. Offshore pipeline construction work during 2004 will now be focused on the Lunskoye field and Aniva Bay further south, previously planned for completion later in the construction period.

In the energy sector "there is a real commonality of interests" between the United States and Russia, Ambassador Alexander Vershbow told participants in the U.S.-Russia Energy Summit Executive Seminar in Moscow June 17. "The United States is the world's largest energy consumer and is trying to diversify its sources. Russia has some of the world's largest deposits of energy resources. The goal is to make sure Russian oil companies can develop their resources and get their products to market," said Vershbow, the U.S. ambassador to the Russian Federation.