INSUBCONTINENT EXCLUSIVE:
President Vladimir Putin signed a decree Thursday ordering the transfer of the Sakhalin-2 oil and gas project in Far East Russia to a new
investors will be required to apply to retain their existing shares in the new limited liability company within a month, according to the
The Russian government will then decide whether to allow foreign shareholders to keep their stake
Investment Company, will keep its stake in the new entity
British multinational Shell, which owns a 27.5% stake, said in late February it intends to sell its shares and end its partnership with
Gazprom in response to the Ukraine war.Japanese trading houses Mitsui and Mitsubishi, which own 12.5% and 10% in Sakhalin-2's operator,
which has coordinated with the United States and its allies on sanctions in retaliation to Russia's invasion of Ukraine, has stressed the
need to secure stable energy supplies through interests in Sakhalin projects
Around 6 million of the estimated 10 million tons of liquefied natural gas (LNG) produced by Sakhalin-2 go to Japan, accounting for 10% of
