The Russian gas monopolist Gazprom and Royal Dutch/Shell are negotiating exchanging some of their Russian assets, Gazprom's Deputy CEO Alexander Ryazanov reported at the 2nd Russian-US energy summit in St. Petersburg today. However, he gave no details.
One accepts the possibility that this is about the Russian holding's participation in the Sakhalin-2 project. Gazprom has long been interested in it but the companies could not agree on the mechanism and principles of Gazprom's participation in the project. The implementation of Sakhalin-2 is connected with receiving $10bn in direct investments. Shell is a shareholder in Sakhalin Energy, the operator of the Sakhalin-2 project. Additionally, the company participates in another Russian project, which is an operator of a number of deposits in Western Siberia.
Analysts believe that Shell could contribute to Gazprom's entering the Sakhalin project in exchange for an opportunity of developing some fields in the Yamal-Nenets Autonomous Area with 735 billion cubic meters in estimated gas reserves.
In response to the unlawful December 1 arrest and detention of Chinese tech giant Huawei's chief financial officer Sabrina Meng Wanzhou by Canadian authorities in Vancouver at the behest of the Trump regime, facing possible unacceptable extradition to the US, Beijing warned its high-tech personnel last month against traveling to America unless it's essential.
Rescuers found the pilot of one of the two Su-34 fighters that had collided in midair in the Far East on January 18