Shell in talks with Chinese firms to sell stake in Russian gas project

Dozens of Shell employees on temporary assignment at the Sakhalin-2 liquefied natural gas (LNG) export project in Russia were removed over the weekend to be relocated back to other offices, according to people with knowledge of the matter.

ENERGY giant Shell is in talks with some Chinese companies to sell its stake in a major Russian gas project amid sanctions imposed on Moscow over its invasion of Ukraine, The Telegraph reported on Thursday.

The London-listed company is in joint talks with Chinese state-run oil companies CNOOC Ltd, China National Petroleum Corp (CNPC) and Sinopec over its 27.5% holding in the Sakhalin-2 liquefied natural gas venture, the British newspaper said.