: :inin Kyiv (EET)

Novatek is taking over Shell’s assets in Sakhalin

On 11 April, Russia’s prime minister Mikhail Mishustin signed a decree authorising the sale of a nearly 27.5% stake in the state-owned company Sakhalinskaya Energiya, which is operating the Sakhalin-2 oil and gas project in the Far East, to the Russian company Novatek for 94.8 billion roubles (around $1,6 billion). The stake previously belonged to the Western giant Shell, which announced its withdrawal from Russia in March 2022 in response to the Russian attack on Ukraine, but was unable to sell its assets due to the ban imposed by the Russian government. …read more

Source:: Centre for Eastern Studies (Poland)


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