Russian President Vladimir Putin has given his consent to transfer 94.8 billion rubles ($1.21 billion) to Shell for its stake in the Far East Sakhalin-2 gas project, Russian daily Kommersant reported on April 4. Russian gas company Novatek has received Putin's consent to transfer the money to Shell, the newspaper reported, citing sources familiar with the matter. Shell declined to comment. Novatek did not immediately respond to a request for comment. To read the original story by Reuters, click here.
Russia Allows $1.2 Billion Sakhalin-2 Payment To Shell
A general view shows the Sakhalin-2 project's liquefaction gas plant in Prigorodnoye, about 70 kilometers south of Yuzhno-Sakhalinsk.