Announced
Novatek to acquire a 27.5% stake in Sakhalin-2 from Shell for $1.16bn.
Synopsis
Novatek, a natural gas producer, agreed to acquire a 27.5% stake in Sakhalin-2 from Shell, a multinational oil and gas company, for $1.16bn. Russian President Vladimir Putin gave his consent for the transfer of the required funds to Shell.
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