China seeks to move in after Shell’s exit from Russia – media ...News

Russia Today - Economy
China seeks to move in after Shell’s exit from Russia – media
source : Russia Today ( News ) () 34
Chinese state-run energy majors are in talks to acquire the UK energy giant’s stake in Sakhalin-2 China’s biggest state-owned energy companies are reportedly negotiating the opportunity to buy a stake in a major Russian gas export project from Shell after the British oil and gas corporation exited Russia over the conflict in Ukraine. Cnooc, CNPC, and Sinopec Group are in joint talks with Shell over the company’s 27.5% stake in the Sakhalin-2 liquefied natural gas venture, according to people with knowledge of the matter, as quoted by Bloomberg. The discussions, which are in the early stages, reportedly include the

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