Shell CEO Ben van Beurden bows to President Putin
Thu Jun 16, 2016 8:11am EDT
Gazprom and Shell signed on Thursday a memorandum of understanding on construction of a liquefied natural gas (LNG) plant on the Russian coast of the Baltic Sea.
The memorandum says the companies will look into possibilities of building the LNG plant in the port of Ust-Luga with an annual capacity of 10 million tonnes.
Gazprom and Shell are already partners in Russia’s only LNG plant on the Pacific island of Sakhalin which has a capacity of 10 million tonnes per year.
Gazprom has said the Baltic LNG plant could produce up to 20 million tonnes of frozen gas per year.
Earlier on Thursday, Russian President Vladimir Putin met Shell CEO Ben van Beurden on the sidelines of the St Petersburg International Economic Forum.
(Reporting by Denis Dyomkin; writing by Vladimir Soldatkin; editing by Jack Stubbs)
SOURCE
*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, the Independent Shell Archive, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All conjured up by internet wizz, Nick Gill.
