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Gazprom, Shell Agree on LNG Plant Expansion

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Russia’s top natural gas producer Gazprom approved on Monday an expansion of the Sakhalin-2 liquefied natural gas (LNG) plant it co-runs with Royal Dutch Shell, bending to pressure from its Anglo-Dutch partner.

Gazprom said CEO Alexei Miller and Shell’s CEO Peter Voser had met in Moscow last Friday and had agreed to recommend that Sakhalin Energy operational company’s board discuss the design of the third line.

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