HomeMediaLatest NewsThe operator of the Sakhalin-2 project is changing

The operator of the Sakhalin-2 project is changing

03 July 2022

Salikhov Marcel R. President, Principal Director on Economic Studies, Head of the Economic Department

Marcel Salikhov, Director of the Center for Economic Expertise of the Higher School of Economics, commented to Rossiyskaya Gazeta on the reasons for the transfer of property to Sakhalin Energy Investment Company Ltd. to new Russian operator Sakhalin-2.

Marcel Salikhov noted that the main meaning of the decree is that the operator of the Sakhalin-2 project will not be Sakhalin Energy, a company registered in Bermuda, but a Russian legal entity.

"Foreign shareholders (Shell, Mitsui, Mitsubishi) can receive similar shares in the new operator by notifying the government of their consent. Otherwise, foreign shareholders will receive monetary compensation for their shares in rubles," he notes.

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