Shell makes Sakhalin-2 offer to Gazprom

Shell has reportedly offered Russian gas giant Gazprom a controlling stake in the Sakahalin-2 oil and gas exploration project. The offer was made during discussions between Shell’s chief executive Jeroen van der Veer and Alexei Miller, chairman of Gazprom.

The Sakhalin-2 project in eastern Russia is currently jointly owned by Shell, which holds a 55% share, and two Japanese companies, Mitsui and Mitsubishi, with 25% and 20% shares respectively. The field contains an estimated 1.2 billion barrels of oil and 500 billion cubic metres of natural gas.

Russian media reports speculated that Shell offered to give up 30-35% of its share, with Mitsui and Mitsubishi surrendering 10% each.

The current production sharing agreement was agreed between the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Want to know what’s included in our free membership? Click here

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here