An offshore drilling rig is seen near the northeast Sakhalin coast. Japan was allowed to purchase a small amount of gas and oil from Russia over the agreed price cap imposed by the West after Russia invaded Ukraine, because of its dependence on imports. File 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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