PUBLIC JOINT-STOCK COMPANY "NOVATEK" is ready to enter "Sakhalin-II"

By data newspaper "Kommersant", PUBLIC JOINT-STOCK COMPANY "NOVATEK" is ready to get 27,5% in the Sakhalin-II project, belonging to left Russian Federation Shell. Carrying out selection for definition of the new owner of this share is postponed because the government did not manage to carry out an assessment of the damage caused by the foreign shareholder to the project. PUBLIC JOINT-STOCK COMPANY "NOVATEK" asks to accelerate procedure. However while it is not clear how PUBLIC JOINT-STOCK COMPANY "NOVATEK" will pay back potential investments in "Sakhalin-II" and whether, in particular, it will get the profitable long-term contract to Shell on receiving 1 million tons of LNG from "Sakhalin-II". Photo: Kazakov Alexander, PUBLIC JOINT-STOCK COMPANY "NOVATEK" reported Kommersant to the government about...