Its stake has been valued at $4.1bn and the
chief executive, Ben van Beurden, said this week the company was making progress in selling it. Chinese state-run energy firms are reportedly interested in buying the stake.Most of the gas at the project is used to supply Japan, and two of the country’s largest trading houses, Mitsubishi and Mitsui, own a combined 22.5% stake in the project.
The Japanese trade minister, Koichi Hagiuda said on Friday that the country is considering replacing Russian LNG imports by ramping up gas sourced elsewhere. The decree is not expected to interrupt short-term supplies of LNG.Putin has been limiting gas supplies into since the invasion of Ukraine. European countries have scrambled to fill their gas storage facilities for fear of a complete shutdown in Russian gas supplies.it was in talks with the German governmentA Shell spokesperson said: “As a shareholder, Shell has always acted in the best interests of Sakhalin-2 and in accordance with all applicable legal requirements.
“We are aware of the decree and are assessing its implications. We have no further comment at this stage.”
If you dance with the devil, the devil doesn't change.
“May”
Pooring one out for S hell
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