Reuters: Market News: Russia's Pacific Sakhalin island braces for blizzard

Reuters: Market News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Russia's Pacific Sakhalin island braces for blizzard Mar 31st 2012, 08:42 MOSCOW, March 31 | Sat Mar 31, 2012 4:42am EDT MOSCOW, March 31 (Reuters) - Russia's Emergencies Ministry said on Saturday it expected blizzards and high winds to batter the northern parts of Sakhalin and the Kuril Islands on Sunday, an area that is home to international oil and gas projects. The ministry said that southern winds were expected to strengthen to 35-37 metres per second with heavy snow forecast in the Okhinsk and Nogliki regions of Sakhalin on Sunday, April 1. Waves up to 9 metres high were likely in the southern part of the Okhotsk Sea, it added. "(An) urgent warning was sent to the administrations of the said regions with recommendations on how to react," the ministry said on its web site Located off the east coast of Russia, the island of Sakhalin is as a gateway for Russian oil and gas exports to the Asia-Pacific region. ExxonMobil and Russia's top crude producer Rosneft have a production sharing agreement at the Sakhalin-1 project, while Shell and Gazprom are partners at Sakhalin-2, Russia's sole liquefied natural gas plant. Russia also exports its ESPO crude blend from the mainland Pacific port of Kozmino.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions