Russia seeks to seize control of Sakhalin

Royal Dutch Shell’s flagship investment in Russia was facing uncertainty last night after the Natural Resources Ministry threatened to scale back the company’s stake in a huge liquefied natural gas project to allow the Kremlin greater control.

The threat concerns the Sakhalin-2 project, the largest direct foreign investment in Russia, and a venture that will result in the world’s biggest liquefied natural gas plant in the far east of Russia. Shell has a 55 per cent stake in the $10bn (
The Independent – UK