Gazprom wants 50% Shell’s Sakhalin investment

Russian gas company Gazprom is demanding 50% of Shell’s investment in the massive Sakhalin II oil and gas project, various media report today.

At the same time, the Russian authorities are threatening Shell with a $30bn lawsuit over environmental law infringements. Shell has a 55% stake in the Sakhalin project, the rest is in the hands of other private investors.

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