Gazprom's Sakhalin-2 buyin to offset environmental damage

OAO Gazprom Deputy Chief Executive Alexander Medvedev said Dec. 28 that a portion of the $7.45 billion his firm spent to acquire a controlling stake in the Sakhalin-2 oil and gas project would go toward correcting alleged environmental damage caused by the development (OGJ Online, Dec. 21, 2006).

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