Shell Moves Sakhalin Manager to Australia From Russia
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Royal Dutch Shell Plc has brought the former manager of Sakhalin-2, Russia’s first liquefied natural gas project, to Australia to oversee development of a proposed venture that may cost more than $20 billion.
Shell, OAO Gazprom’s partner in the $22 billion Russian project, moved Hilary Mercer to Queensland state, Ann Pickard, chairman of the company’s Australian unit, said in an interview. Shell and PetroChina Co. this week completed the purchase of Arrow Energy Ltd., gaining gas for an LNG venture that may produce 16 million metric tons of fuel a year.