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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose Energy correspondent

Shell may get nearly £1bn from sale of stake in Russian gas project

Shell Russia Kremlin Rosneft
An employee of Sakhalin Energy stands at the Sakhalin-2 project's liquefaction gas plant in Prigorodnoye
The Sakhalin-2 project was nationalised last year and Shell ruled out any involvement in the new company. Photograph: Sergei Karpukhin/Reuters

Shell could receive nearly £1bn from the sale of a stake in a Russian gas project it exited after the invasion of Ukraine last year.

The Kremlin has reportedly issued an order for the sale of Shell’s former 27.5% stake in the Sakhalin-2 project to Russian energy firm Novatek for 94.8bn roubles (£923m).

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