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Shell may sell Russian LNG plant stake to Indian consortium: Report

Shell seeks to sell 27.5% stake in Sakhalin-2 plant; Shell in talks with group of several Indian firms, say sources

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(Photo: Bloomberg)

Reuters London

2 min read Last Updated : Aug 01 2023 | 5:33 PM IST

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Shell is in talks with a consortium of Indian energy companies to sell its stake in a major liquefied natural gas plant in Russia which the British company abandoned following Moscow's invasion of Ukraine, three sources told Reuters.

The consortium's potential interest in the Russian plant shows how India is willing to move in on energy assets and cheap oil supplies coming on the market as a result of Western companies pulling back from Russia.

Shell in February said it would exit all its Russian operations, including its 27.5% stake in the Sakhalin-2 LNG plant on Russia's eastern flank, amid

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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