Shell may have to abandon £3bn stake in Russian gas plant
by Alex Lawson Energy correspondent from World news | The Guardian on (#60ZC3)
Kremlin sets up new firm to own Sakhalin-2 plant with investors signing up to the holding within a month or forfeit stake
Shell could be forced to abandon a 3bn investment in a huge Russian gas plant after Vladimir Putin threatened to seize the rights to the project.
The Kremlin has said it plans to transfer the rights to the Sakhalin-2 plant in the far east of Russia to a new Russian company, citing economic security and national interests.
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