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Shell in Talks With China Majors Over Russia Stake – Telegraph

The London-listed company is in joint talks with Chinese state-run oil companies CNOOC, CNPC and Sinopec over its 27.5% holding


An offshore drilling rig near the northeastern Sakhalin coast. Photo: AFP

 

Energy giant Shell is in talks with Chinese companies to sell its stake in a major Russian gas project amid sanctions imposed on Moscow over its invasion of Ukraine, The Daily Telegraph in London reported.

The London-listed company is in joint talks with Chinese state-run oil companies CNOOC, CNPC and Sinopec over its 27.5% holding in the Sakhalin-2 liquefied natural gas venture.

Read the full report: The Daily Telegraph
 


 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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