Shell is still debating the fate of the contract for the purchase of liquefied natural gas from Sakhalin 2 UK-based energy giant Shell Plc has announced it will not participate in Russia’s Sakhalin-2 liquefied natural gas (LNG) project after Moscow transferred the venture to a domestic operating company. According the company’s statement, Shell has notified Moscow that it will not take a stake in the new Sakhalin-2 operator in proportion to its stake in the old one. The company, however, is still debating “options in line with applicable legal requirements and agreements” to keep a contract to receive LNG cargoes
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