• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Shell pulls out of Russian LNG project

12th April 2019

Shell pulls out of Russian LNG project Pin It

Shell has pulled out of a Russian liquefied natural gas (LNG) project near the city of St Petersburg, partly due to the sudden addition of a new partner by state gas company Gazprom. Several insiders reported this to Reuters news agency.

It was announced on Wednesday that Shell will stop its involvement in the project. Gazprom is said to have added RusGazDobycha to the project. That company is linked to Arkady Rotenberg, an ally of President Vladimir Putin. Rotenberg is on an American sanction list. Shell would not have been aware of this step by Gazprom in advance.

Shell’s chairman in Russia stated that the decision to withdraw does not affect other projects with Gazprom.

The LNG plant in the port west of St. Petersburg, should have a capacity of 13 million tonnes and be put into operation in 2023.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

European governments divided on…

In Foreign Affairs

European governments divided on Brexit one-time extension

View Post

Next Post

Exact timing remains the main…

In Money Matters

Exact timing remains the main point of disagreement on the way of German banks merger

View Post

In Domestic Affairs

Government allocates £23 million for compensations to fishermen

View Post

COVID-19

In Domestic Affairs

Authorities are considering paying £500 as a welcome bonus for positive COVID test

View Post

In Money Matters

Burberry turnover decreased 9 percent in Q4

View Post

In Foreign Affairs

ECB likely to keep the key rate unchanged

View Post

Newsletter

Latest News

View

IMF revises the forecast of the world economy

27th January 2021

View

ECB demands more reports from the banks

27th January 2021

View

Asos wants to by Topshop and a row of other brands

25th January 2021

View

TikTok is the winner of social media platforms in 2020

24th January 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]