The Kremlin comments on the nationalization of the project "Sakhalin-2" He assures that the supply of liquefied gas from him will not stop

Kremlin spokesman Dmitry Peskov confirmed that there are no reasons to stop deliveries of liquefied natural gas from the Sakhalin-2 project after the issuance of a presidential decree on the nationalization of the company managing the project.

Peskov’s statement was made in response to a question about the presidential decree issued yesterday on the nationalization of the company managing the Sakhalin-2 energy project.

Peskov emphasized that the Sakhalin-2 decree cannot become a model or a general trend in Russia for the nationalization of foreign companies, and said: “Each case will be considered individually.”

Yesterday, President Vladimir Putin issued a decree nationalizing Sakhalin Energy under the ownership of the Russian government in response to sanctions by some Western countries against Russia.

The property, rights and obligations of the operator of the Sakhalin-2 LNG project, Sakhalin Energy, will be transferred to the Russian government, and the assets will be transferred to Gazprom Sakhalin Holdings, a company established by the Russian government.

According to the presidential decree, Sakhalin Energy shareholders are required to inform the government within a month of their consent to the acquisition of shares in the new company, otherwise their assets will be sold and the funds transferred to a special account that will be opened in the name of each shareholder.

The energy company Royal Dutch Shell owns a 27.5% stake in the project, two Japanese companies Mitsubishi and Mitsui own 22.5% each, and the remaining 50% belongs to Gazprom.

At the end of February last year, Shell announced its withdrawal from the joint venture with Gazprom, while Japan announced that it plans to stay in both Sakhalin-2 and Sakhalin-1.

Source: RIA Novosti

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