Gazprom takes Sakhalin 2 keys

Engineers talk as they stand next to pipes to be used for a pipeline that is part of the Sakhalin-2 project, some 220 km (137 miles) north of Yuzhno-Sakhalinsk on Sakhalin Island October 12, 2006. The Anglo-Dutch oil firm Royal Dutch Shell is laying a section of a 850-km onshore pipeline at Russia's Pacific island of Sakhalin as part of its Sakhalin-2 project, which is currently being inspected by state officials for environmental violations. REUTERS/Sergei Karpukhin (RUSSIA)

End of the line: Shell said Russian gas giant Gazprom had taken control of the Sakhalin 2 project

SERGEI KARPUKHIN

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Jonathan Davis

 18 April 2007 17:47 GMT

Russian gas monopoly Gazprom has completed a deal to take 50% plus one share in the Sakhalin 2 oil and gas project formerly led by Anglo-Dutch supermajor Shell , the companies said today.

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