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Shell oil and gas giant will not buy a share in the new Sakhalin-2 project opera...
Economics

Shell goes from the great Russian project Sakhalin-2 with empty hands

By Alex Janovskyi
Shell oil and gas giant will not buy a share in the new Sakhalin-2 project operator. Shell oil and gas giant proceeds from the Russian Sakhalin-2 liquefied natural gas project with nothing after Vladimir Putin handed over a large object of the new operating company. Video of the Day writes Bloomberg. Foreign shareholders, including Shell, had to apply for ownership by September 4. Shell tried to sell her 27. 5% of the shares. Now they are likely to go into Russian property.

Shell's decision is the last evidence that Putin will not allow international energy companies to gain great financial benefits from exit from the Russian Federation. Earlier this year Shell has already written off 27. 5% of Sakhalin-2 shares worth $ 1. 6 billion. The company has a contract for the receipt of LPG cargo from the object, and now it estimates "Options in accordance with applicable legal requirements and agreements" because The enterprise is transferred to the new operator.

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