The Russian gas monopolist Gazprom and Royal Dutch/Shell are negotiating exchanging some of their Russian assets, Gazprom's Deputy CEO Alexander Ryazanov reported at the 2nd Russian-US energy summit in St. Petersburg today. However, he gave no details.
One accepts the possibility that this is about the Russian holding's participation in the Sakhalin-2 project. Gazprom has long been interested in it but the companies could not agree on the mechanism and principles of Gazprom's participation in the project. The implementation of Sakhalin-2 is connected with receiving $10bn in direct investments. Shell is a shareholder in Sakhalin Energy, the operator of the Sakhalin-2 project. Additionally, the company participates in another Russian project, which is an operator of a number of deposits in Western Siberia.
Analysts believe that Shell could contribute to Gazprom's entering the Sakhalin project in exchange for an opportunity of developing some fields in the Yamal-Nenets Autonomous Area with 735 billion cubic meters in estimated gas reserves.
Russia may terminate all kinds of military and military-technical relations with Israel, including the agreement on the exchange of reconnaissance data
The Ilyushin 20 (Il-20) military electronic reconnaissance aircraft of the Russian Air Force with 14 servicemen on board that went off radar screens off the coast of Syria was shot down by Syrian air defense systems over the Mediterranean Sea