Putin decreed to change the operator of the Sakhalin-2 oil and gas project Sakhalin Energy
Russian President Vladimir Putin signed a decree on special measures in the fuel and energy sector in connection with the unfriendly actions of foreign states. Corresponding document published on the official portal of legal information.
The head of state ordered by decree to change the operator of the Sakhalin-2 oil and gas project, Sakhalin Energy, and transfer the company’s property to the state. It will be transferred for free use to a company created by the government, which will also receive all the rights and obligations of the project operator.
Sakhalin Energy’s current shareholders are Gazprom (50 percent plus one share), Shell (27.5 percent minus one share), and Mitsui & Co. (12.5 percent) and Mitsubishi (10 percent).
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