The Anglo-Dutch concern Shell became the only participant in Sakhalin-2, which leaves the project after the nationalization of the assets of Sakhalin Energy and the transfer of the rights of the project operator to Sakhalin Energy LLC, Voice of America reports..

Shell owned 27.5% in Sakhalin-2. Other project participants retained their shares: Gazprom (50% plus one share), as well as Japanese Mitsui (12.5%) and Mitsubishi (10%).

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Shell stake to be sold by Russian government within four months of independent valuation. The company valued its own stake at 1.6 billion rubles, and also stated that Shell "

According to experts, this may mean that the company may file a lawsuit to recover the value of its share, where the defendants may be the Russian Federation, Gazprom or Sakhalin Energy LLC. Due to the loss of a contract with Sakhalin Energy, Shell loses up to 1 million tons of liquefied natural gas per year.

At the end of July, Russian President Vladimir Putin signed a decree on the transfer to the state of the assets of the joint venture Sakhalin Energy, the operator of the large international Sakhalin-2 project.. The document says that the decision was made in connection with “unfriendly and contrary to international law” actions of the United States and the states and organizations that joined them, aimed at imposing sanctions against Russia.. New operator - Sakhalin Energy LLC registered in Yuzhno-Sakhalinsk.

Oil production under another Sakhalin-1 project has been halted since May 15 after the project operator, the American company ExxonMobil, announced a phased cessation of production from April 26. The operator company announced its withdrawal from the project after the Russian invasion of Ukraine.