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Shell Expects Russia’s Sakhalin-2 Project to be Expanded — CEO

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Shell Expects Russia’s Sakhalin-2 Project to be Expanded — CEO

June 3, 2015

Shell expects that the Sakhalin-2 project will be expanded, its CEO Ben van Beurden said Wednesday, writes TASS.

“This is what we will be working at, we’re very interested in developing business in Russia,” he said, adding that he will be discussing the issues related to the company’s cooperation with Russia at a meeting with Energy Minister Alexander Novak.

We’re committed to cooperation with Russia in the long-term and it’s important for us to continue dialogue with the Russian Government, he said.

Shell CEO also confirmed his plans to attend the St. Petersburg International Economic Forum this year. “Yes, I plan to go,” he said.

Shell owns 27.5% in the Sakhalin-2 project, Russia’s only plant on producing liquefied natural gas. The investment decision on building the third train of Sakhalin-2 is expected to be taken in the third quarter of 2015.

Copyright 2015. TASS

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