Putin orders Sakhalin Energy to be transferred to a new Russian company, potentially pushing out foreign partners

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

A reported Russian decree could push foreign entities out of Sakhalin-2, leaving Japan in particular in a precarious position for natural gas supplies.

President Vladimir Putin has reportedly signed a decree ordering the Sakhalin Energy Investment Company to a new Russian company, which will decide if foreign stakeholders can remain.

Russia’s... President Vladimir Putin has reportedly signed a decree ordering the Sakhalin Energy Investment Company to a new Russian company, which will decide if foreign stakeholders can remain. Russia’s state-owned gas company Gazprom RU:GAZP, which owns about 50% of Sakhalin Energy, will be allowed to keep its stake. Shell SHEL owns a 27.5% stake, Mitsui 8031 holds 12.5% and Mitsubishi 8058 owns 10%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines