Shell continues to work with Gazprom on third Sakhalin-2 train, despite pulling out of Baltic LNG
MOSCOW. April 22 (Interfax) - Shell continues to work with Gazprom on preparations to build a third train at the Sakhalin-2 LNG plant, despite pulling out of the Baltic LNG project, Cederic Cremers, Shell Russia's chairman, told Interfax.
"These are totally different projects, they are not related to each other," Cremers said.
"We are ready to move forward on the third train," he said.
Gazprom and Shell had spent several years negotiating the joint construction of a large Baltic LNG plant and talks had reached a fairly advanced stage. The companies signed a Heads of Agreement in 2017 on a joint venture to carry the Baltic LNG project out. They signed framework agreement on a pre-FEED in October last year.
Gazprom said at the end of March that it would carry the project out with Artyom Obolensky's RusGazDobycha and Shell admitted on April 10 that it was pulling out of Baltic LNG.