Russia’s Gazprom PJSC will reportedly increase its ownership of Sakhalin 2 LNG project, placing more of the country’s export capacity under state-owned company’s control as sanctions continue to pressure its oil and pipeline gas revenues. According to the Russian government, a 27.5% stake valued at $1.6 billion is to be sold to Gazprom, increasing its…
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Articles from Sakhalin-2
Russia Approves Sale of Shell’s Stake in Sakhalin-2 LNG Plant – The Offtake
A roundup of news and commentary from NGI’s LNG Insight Russian President Vladimir Putin approved the sale of Shell plc’s stake in the Sakhalin-2 LNG plant to PAO Novatek for $1.16 billion. Last year, Putin ordered Russia to take over the ownership rights from a partnership between Shell, Gazprom PJSC and Japanese trading houses Mitsui…
April 13, 2023
Japan’s Jera Renews Contract for Russian LNG Project Amid Asian Price Surge
Jera Co. Inc., the world’s largest importer of LNG, has renewed its offtake contract for Russia’s recently nationalized Sakhalin-2 natural gas project ahead of a Kremlin-imposed deadline. The Japanese joint venture between Tokyo Electric Power Co. and Chubu Electric Power Co. In. confirmed to multiple media outlets Friday it has signed a deal to continue…
August 26, 2022
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