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Bloomberg: Gazprom to Pay Cash for Stake in Shell’s $22 Billion Sakhalin-2

By Torrey Clark

Dec. 20 (Bloomberg) — OAO Gazprom, Russia’s gas-export monopoly, will pay cash for a stake in Royal Dutch Shell Plc’s $22 billion Sakhalin-2 project in the country’s Far East, the Energy Ministry’s press service said today.

A spokesman for the ministry declined to elaborate or give his name, in a telephone interview in Moscow.

To contact the reporter on this story: Torrey Clark in Moscow at

[email protected]

Last Updated: December 20, 2006 03:08 EST

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