Shell CEO Ben van Beurden bows to Russian President Putin at the Kremlin: April 2014
Thu Jun 16, 2016
ST PETERSBURG, Russia, June 16 (Reuters) – Energy major Shell and Russia’s gas major Gazprom will jointly invest $13 billion in three projects in Russia, Russian Energy Minister Alexander Novak said on Thursday.
Novak said that Shell would take part in the development of Gazprom’s Yuzhno-Kirinskoye gas field offshore Russia’s Sakhalin island in the Pacific.
The two companies will also jointly invest in the Baltic Sea Liquefied Natural Gas plant and in the Sakhalin-2 LNG plant expansion.
(Reporting by Denis Pinchuk and Olesya Ostakhova; writing by Lidia Kelly; editing by Polina Devitt)
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