LNG

Novatek drops out from contest for Shell’s stake in Russian LNG project

Stake confiscated by government following supermajor’s country exit set to be handed to Gazprom-controlled company

Novatek executive chairman Leonid Mikhelsov (left) and Russian President Vladimir Putin.
Novatek executive chairman Leonid Mikhelsov (left) and Russian President Vladimir Putin.Photo: SPUTNIK/AFP/SCANPIX
European Correspondent
RussiaGazpromShellSakhalin 2Europe
Published 26 March 2024, 11:43Updated 26 March 2024, 11:43