Russia Takes Management of Worldwide LNG Venture
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Russia took management of the worldwide consortium behind the enormous Sakhalin-2 oil-and-natural-gas undertaking, handing it to a brand new Russian entity that can successfully give the Kremlin say over which overseas buyers shall be allowed to maintain their stakes.
Sakhalin-2, in Russia’s Far East, is without doubt one of the world’s largest oil-and-gas initiatives, supplying about 4% of the worldwide liquefied-natural-gas market and counting the likes of Shell PLC and Mitsubishi amongst its shareholders.
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