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Words in the News
 
Friday 12 September 2003
 
Far East Oil
 
Oil platform In the Russian Far East work has begun building a two billion dollar gas export terminal on the island of Sakhalin . It's part of the biggest oil and gas project being undertaken in the world. This report from Damian Grammaticas:
 
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On the southern end of Sakhalin island, giant bulldozers and earth moving equipment are ripping up the ground. On the site the international energy company, Shell, backed by Japanese partners, is building a huge modern terminal to process and export natural gas to Asia and the Pacific Rim. Sakhalin lies a hundred kilometres north of Japan. The island is about the size of Britain and vast reserves of oil and gas have been found off its shores. The Shell-led consortium has an exclusive production sharing agreement with the Russian government. It's now operating Russia's first offshore oil platform in the sea close to Sakhalin.

Sakhalin was a prison island under the Tsars and fought over by Japan and Russia in the Second World War. Russian and other international oil companies, like Exxon Mobil and BP, are now also developing Sakhalin's resources, spending over twenty billion dollars in the process. So it's now the site of the world's newest oil boom. Gleaming offices and hotels are springing up fast. If the projects are successful, they will help place Russia firmly on the map as one of the world's dominant energy suppliers.

Damian Grammaticas, BBC, Sakhalin
 
 
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earth moving equipment
 
machines used to dig up the ground and remove the earth
 
backed by
 
with the financial support of
 
partners
 
the partners in a business are the people or firms that own it
 
to process
 
if you process something you change it to make suitable for a particular use e.g. gas for domestic use
 
reserves
 
a supply of gas that is available for use when it is needed
 
resources
 
the resources of a place are all the things it can use - such as gas
 
offshore oil platform
 
a structure used for drilling for oil at sea
 
are springing up
 
are being built
 
place Russia firmly on the map
 
establish the reputation of Russia
 
dominant energy suppliers
 
main producers of oil and gas
 
 
 
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