M&A

M&A

Shell in talks with Indian energy consortium to sell Russian LNG plant stake

Economic Times  

Shell is in talks with a consortium of Indian energy companies to sell its stake in a major liquefied natural gas plant in Russia which the British MNC abandoned following Moscow's invasion of Ukraine. India is willing to move in on energy assets and cheap oil supplies coming on the market as a result of Western companies pulling back from Russia. Shell in February said it would exit all its Russian operations, including its 27.5% stake in the Sakhalin-2 LNG plant on Russia's eastern flank, amid an exodus of Western companies from the country.