Royal Dutch Shell has decided to exit a Baltic liquefied natural gas (LNG) proje...
ST PETERSBURG/LONDON, Russia - Royal Dutch Shell has decided to exit a Baltic liquefied natural gas project led by Russian state gas major Gazprom on the Russian Baltic coast.
Shell, which has a long history of energy cooperation with Russia, said earlier it was studying the possible implications of a recent decision by Gazprom to move toward the full integration of its Baltic LNG and gas processing plants. Its decision to leave the Baltic LNG project leaves open a question about the availability of technology needed for this project as Shell will not be providing it.
While the production of seaborne LNG is not directly affected by the sanctions, the sales and marketing of it, as well as foreign participation, have become more complicated due to the restrictions.
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