Beijing Explores Shell’s Russian Gas Stake Purchase

Beijing Explores Shell’s Russian Gas Stake Purchase

By sweN TR

Beijing Explores Shell’s Russian Gas Stake Purchase

Three key state-run Chinese energy giants are reportedly in talks with Shell to buy out the company’s 27.5% stake in a massive Russian liquified gas project.

Sources cited by Bloomberg claim CNOOC, CNPC and Sinopec Group are discussing joint or individual buyouts of the Sakhalin-2 share, although negotiations are still in the early stages.

On Thursday, shares in Shell rose 1.3% in London on the back of the news, weeks after admitting it will lose around $5BN by walking out on its Russia operations.


Original Source: https://t.me/swentr/1738

Related News

Leave a Reply

Your email address will not be published.

ANR Meme Report

with Nadine Roberts

Episode 002

ANR Daily News

View all news

Receive Daily News from our independent media partners