Shell Says Sakhalin LNG Project Turns Profit, Vedomosti Reports
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Royal Dutch Shell Plc said its liquiefied natural gas venture with OAO Gazprom on Russia’s Sakhalin Island reached operational profitability, Vedomosti reported, citing Chief Executive Officer Peter Voser.
Shell is seeking licenses to produce oil in Russia, both by itself and with domestic companies, Voser was cited as saying in an interview published in the Moscow-based newspaper today.